PSEi falls by 0.97%

The benchmark Philippine Stock Exchange index on Monday closed down 0.97 percent, or 71.60 points, to 7,336.84 while the broader all-shares index was down 1.26 percent, or 53.56 points, to 4,191.43.

All subsectors closed in the red led by mining and oil, with a steep 5.47 percent drop. Other big losers were financials, which lost 1.97 percent, and holding firms, which lost 1.26 percent.

Data from the Philippine Stock Exchange showed that a total of 1.58 billion shares changed hands valued at about P6.25 billion. Losers far outnumbered ganders 144 to 38 while 43 companies closed unchanged.

Universal Robina Corp. led the list of most actively-traded stocks but it sank 1.05 percent to P188 per share.

This was followed by Philippine Long Distance Telephone Co., down 0.29 percent to P2,704; BDO Unibank Inc.; down 3.01 percent to P99.90; SM Prime Holdings Inc., up 0.1 percent to P20, and Metropolitan Bank and Trust, down 0.71 percent to P84.40 per share.

Other actively traded companies were Bloomberry Resorts Corp., down 5.54 percent to P6.99; Semirara Mining and Power Corp., down 6.56 percent to P121; GT Capital Holdings, down 0.15 percent to P1,310; SM Investments Corp., down 3.12 percent to P900; D&L Industries Inc., down 0.18 percent to P10.80 per share. Miguel Camus