The industrial and holding firm counters both declined by over 1 percent, while the financial and property counters slipped by less than 1 percent.Value turnover for the day amounted to P13.1 billion.The PSEi was weighed down most by the country’s oldest conglomerate Ayala Corp., which lost 3.75 percent, while its property arm, Ayala Land, lost 2.02 percent.
URC and Jollibee both tumbled by over 1 percent, while SM Investments slipped by less than 1 percent. Speculative stocks continued to dominate the market, but some have pulled back after extraordinary gains in previous days.Oriental Petroleum fell by 30 percent, while Abra Mining and Philodrill lost 22.73 percent and 14.29 percent, respectively.
Other notable decliners outside the PSEi were Premiere Horizon, MRC Allied and Basic Energy, which slid by 9.35 percent, 6.82 percent and 4.52 percent, respectively. On the other hand, other investors loaded up on non-PSEi stocks, like Apollo Global, which surged by 17.81 percent and was the top traded company for the day.Other notable gainers outside the PSEi were DFNN and AC Energy, which gained 8.42 percent and 1.67 percent, respectively.Subscribe to Inquirer Business Newsletter
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