PSE went red for the 1st time in 2013

psejan102013After 6 straight trading days in the green zone, the Philippine Stock Market went red for the first time this year. PSEi index went down 72.61 points or 1.19% to close at 6,018.57.

All other indices were also on the down side today, another first time this year. The broader All shares index fell down 36.68 points or 0.96% at 3,798.61. Financial index fell the most today at 1.77% or 28.12 points closing at the value of 1,560.64. Industrial index was down by 68.69 point at 9,147.53, Holding firms loose 1.28% at 5,370.42, Services down by 12.28 points at 1,775.51, Mining and oil at 20,672.48 down by 232.24 and Property index at 2,373.38 down by 14.11 points or 0.59%

This is the first time this year that the Philippine Stocks Exchange went down after 6-straight (trading) days of record breaking market highs since January 2, 2013. It recorded its all time high yesterday at 6,091.18.

Decliners overpowered the advances at 120 vs 52, with 40 unchanged. Leading the gainers was Imperial Resources Inc (B) up by 50% at 4,950 and topping the losers was Chemical Industries of the Philippines down by 41.13% at 1,460.

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