Jonathan Ravelas, managing director at eManagement for Business and Marketing Services, said sentiments could also turn bearish should the PSEi stay below the 6,700 level.Trading activity was relatively thin with 880.6 million shares valued at about P5 billion changing hands while net foreign selling hit P438.3 million, stock exchange data showed.Holding firms shed 1.69 percent, followed by mining and oil , services , industrial , and financials .It was followed by Ayala Land Inc., down 4.
Robinsons Land was down 2.05 percent to P14.34; Semirara Mining and Power Corp., down 4.68 percent to P28.50; SM Prime Holdings Inc., down 3.05 percent to P34.95; Metro Pacific Investments Corp., down 2.86 percent to P4.07; and PLDT. Inc., down 3.4 percent to P1,280 per share.Subscribe to our daily newsletter