Saturday, October 20, 2018
Close  
  • share this

PH shares tumble, slide to 7,200

/ 05:46 AM September 19, 2018

The local stock barometer slid to the 7,200 level on Tuesday as investors priced in larger-than-expected damage from Typhoon “Ompong” while global trade war jitters lingered.

The main-share Philippine Stock Exchange index (PSEi) lost 127.22 points or 1.72 percent to close at 7,286.43 points, underperforming regional markets as reports on the extent of damage from the typhoon started coming in.

ADVERTISEMENT

All counters ended in the red, led by the financial, mining/oil and property counters which all tumbled by over 2 percent.

The industrial and holding firm counters both declined by over 1 percent.

FEATURED STORIES

Value turnover for the day amounted to P6.6 billion.

Foreigners remained averse to local equities, resulting in P294.33 million in net foreign buying for the day.

There were 155 decliners that overwhelmed 50 advancers while 35 stocks were unchanged.

Banking stocks BPI and Metrobank were the most battered, both sliding by over 4 percent.

Conglomerate SM Investments also lost 3.36 percent while Ayala Land, BDO and Metro Pacific all declined by over 2 percent.

SM Prime, Jollibee, AEV and URC all shed over 1 percent, while Ayala Corp., Security Bank and ICTSI also slipped.

On the other hand, RRHI bucked the day’s downturn, gaining by 1.86 percent, while Globe Telecom slightly gained.

ADVERTISEMENT

One notable gainer outside the PSEi was Vulcan Industrial, which added 3.07 percent.

Melco Resorts added 0.14 percent as its controlling shareholder announced a tender offer in line with delisting plan.

Inquirer calls for support for the victims of typhoon Ompong

Responding to appeals for help, the Philippine Daily Inquirer is extending its relief to victims of the recent typhoon Ompong.

Cash donations may be deposited in the Inquirer Foundation Corp. Banco De Oro (BDO) Current Account No: 007960018860 and Swift Code: BNORPHMM.

Inquiries may be addressed to Inquirer’s Corporate Affairs office through Connie Kalagayan at 897-4426, ckalagayan@inquirer.com.ph and Bianca Kasilag-Macahilig at 897-8808 local 352, bkasilag@inquirer.com.ph.

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Local Stock, Philippine Stock Exchange index (PSEi), Typhoon “Ompong”
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.