PH share prices drop as investors pocket gains
pse.com.ph photo
MANILA, Philippines—The local stocks index retreated Thursday after posting record-setting gains for six sessions as investors took advantage of rich valuations to make some profit.
The main-share Philippine Stock Exchange index fell by 72.61 points, or 1.19 percent, to close at 6,018.57. A new intraday peak of 6,098.14 was also reached.
Article continues after this advertisement
All counters ended lower, but the most battered were the financial, holding firm and mining/oil counters.
Value turnover stood at P23.2 billion. There were 52 advancers against 120 decliners, while 40 stocks were unchanged.—Doris C. Dumlao
Your subscription could not be saved. Please try again.
Your subscription has been successful.
EDITORS' PICK
