The benchmark Philippine Stock Exchange Index (PSEi) on Tuesday slid anew as investors again stayed on the sidelines while the market continued its consolidation amid worries over the recent destruction caused by Supertyphoon “Yolanda.”
The PSEi fell 1.19 percent, or 75.40 points, to 6,267.85. The broader all-shares index was also down 1.02 percent, or 39.40 points, to 3,825.46.
Trading was relatively thin, with 966.18 million shares valued at P7.6 billion changing hands. Subindices all closed in the red, save for mining and oil, which gained 0.83 percent.
Data from the bourse, showed that 116 companies closed lower against 47 advancers, while 38 were unchanged.
JG Summit Holdings again topped the list of the most actively traded stocks. After the previous day’s steep decline, it rose 1.7 percent to P44.75 a share.
This was followed by Alliance Global Group Inc. (-4.28 percent to P25.75), Universal Robina Corp. (-2.94 percent to P122), Robinsons Retail Holdings (+0.93 percent to P59.50) and GT Capital Holdings (-0.94 percent to P792.50).—Miguel R. Camus