PSEi slips below 6,200 | Inquirer Business

PSEi slips below 6,200

/ 04:31 PM December 03, 2013

PSE index as of December 3, 2013, 3:46 PM. Screengrab from https://www.pse.com.ph

MANILA—The local stock market ended a five-day winning streak on Tuesday as investors awaited fresh catalysts to boost the local stock index past the 6,200 barrier.

The main-share Philippine Stock Exchange slipped by 43.87 points or 0.7 percent to close at 6,179.50, tracking mostly sluggish regional markets.

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All counters ended in the red but the most battered were the industrial and property counters, both of which tumbled by over 1 percent.

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Turnover was thin at P5.2 billion. There were 48 advancers against 89 decliners while 47 stocks were unchanged.

The main index laggers for the day were MWC (-5.53 percent), RLC (-4.36 percent). FGEN (-3.09 percent) and SMPH (-3.02 percent) while EDC, ICTSI, Jollibee, Globe Telecom and SMC all fell by over 2 percent.

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On the other hand, those that bucked the downturn were BPI and AEV which gained by over 1 percent each.

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TAGS: Business, stocks

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