PSEi falls below 6,000 on portfolio rebalancing

MANILA, Philippines — The Philippine Stock Exchange index (PSEi) ended below the 6,000 territory after investors reorganized their portfolio as the month ended.

The benchmark PSEi fell by 2.06 percent, or 126.12 points, to close at 5,997.97 while the broader All-Shares index dropped 1.83 percent, or 67.07 points, to settle at 3,588.12.

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“Philippine shares closed the month a few points below the 6,000 marker as fund managers rebalanced their portfolio for the month,” said Regina Capital Development head of sales Luis Limlingan.

Biggest losers

All sub sectors were in the red. Property and mining and oil indices were the biggest losers after sliding by 3.68 percent and 2.52 percent, respectively.

About 1.11 billion shares valued at P20.63 billion were traded. Losers led winners, 112-58, while 76 issues were unchanged.

The most actively traded shares were that of Universal Robina Corp., slipping by 2.93 percent to P66.20 each.

This was followed by JG Summit Holdings, down 7.14 percent to P15.86; Bank of the Philippine Islands, down 5.11 percent to P124.30; Ayala Land Inc., down 3.34 percent to P21.70; DigiPlus Interactive Corp., down 4.53 percent to P34.75; and BDO Unibank Inc., down 0.33 percent to P150.

Other active names include International Container Terminal Services Inc., up 2.88 percent to P349.80 and SM Investments Corp., down 1.92 percent to P765. —Tyrone Jasper C. Piad