PSEi slides below 7000 level

It’s a bloody day for the Philippine Stocks Exchange as all indices are down in Monday’s (October 13) trading.

PSE’s main index PSEi slashed 2.78% to end the trading day at 6,968.09, 199.26 points lower than its previous close. This is the 2nd consecutive drop of PSEi since Thursday October 9.

Meanwhile, Holding Firms index had the most drop at 3.15% or 198.92 points to close at 6,117.36. Services index on the other hand had the slightest slump at 1.39% or 29.42 points to end Monday’s trading at 2,082.39.

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According to market analyst the drop was brought about by prevailing worries on global stock markets and profit taking after the stock market’s previous consecutive gains.

Advancers were heavily overpowered by decliners at 26-174 with 26 unchanged. Top gainer was Federal Resources Group which added 8.86% while top loser was Grand Plaza Hotel Corporation which delined 23.66%.

Total Volume turnover is 9,847,908,214 with the value of 8,765,962,634.00.

 

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