The Philippine Stock Exchange today is all red after a straight 7-day of rise.
PSE’s main index PSEi lost 0.95% or 72.60 points in today’s trading to close at 7,589.95. For the past 6 days PSEi is on continues rise after its slide last July 28.
According to an Inquirer report, PSE’s plank came as a reaction on US Federal Reserves prospective rate hike this coming September.
All indices are in the red zone with Industrial index being the biggest looser. Industrial went down by 1.43% or 166.68 to close at 11,488.40. Following Industrial index is Mining and Oil index which closes at 11,599.17, loosing 1.40% or 164.07 points. The broader All Shares index on the other hand is 3rd among those with small decline at 0.80% or 35.01 at 4,347.93. Other indices performance are Financials 1,661.60 down by 1.03%, Holding Firms declines by 0.60 percent at 6,911.03, Services at 2,118.28 down by 1.12% and Property index down by 0.29% at 3,157.50.
Total volume turnover in Thursday’s trading is 1,082,944,790. Decliners outnumbered advancers 102-58 with 50 unchanged. Most active stocks goes to Universal Robina Corporation (URC) while top gainer belongs to Central Azucarera de Tarlac.