"The PSEi, which escaped the bear's paw in Wednesday's trading, met a stiffer challenge today. Sliding by half-a-point at the opening bell, the measure dropped to and stayed on level at between -10 and -15 points thereabouts throughout the morning session,"
"The afternoon session did not bring any change to the overall mood, with the PSEi eventually snapping a six-session run with a -10.59 point drop to 6,101.72," he said.
The market was influenced by external movements again, Calaycay cited, adding that overseas,
Majority of the sectoral indices also succumbed to correction with mining and oil having the largest drop, losing 1.20 percent, or 165.64 points to end at 13,653.06, followed by services, which plummeted by 1.12 percent, or 21.25 points to 1,877.96.
Property, on the other hand, fell by 0.68 percent, or 15.65 points to 2,282.70, while financials lost by 0.06 percent, or 0.94 points to 1,512.89.
However, industrial still managed to end on the green side, increasing by 0.63 percent, or 57.33 points to 9,095.39, while holding firms went up by 0.28 percent, or 15.41 points to 5,524.22.
Total value turnover thinned at
Some of the top losers on Thursday were
On Wednesday, ending almost on the brink of a correction, Philippine shares still managed to stay on the green side for the sixth straight day. The PSEi slightly rose by 0.10 percent, or 6.28 points to 6,112.31, in contrast with the wider allshares index, which went down by 0.19 percent, or 7.21 points to 3,703.10.
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