The industrial, holding firm and services counters all slipped by less than 1 percent.Value turnover for the day amounted to P9.17 billion. There was a modest net foreign selling of P25 million.
Despite the PSEi’s decline, there were more advancers than decliners in the market as investors focused mainly on speculative stocks.SM Prime, Puregold and ICTSI all declined by over 1 percent.Notable decliners outside the PSEi included Apollo Global, which slid by 5.62 percent. It was the most actively traded company for the day. AC Energy also declined by 4.62 percent in heavy volume.
On the other hand, Metrobank and Megaworld both advanced by over 3 percent, while SM Investments rose by 1.03 percent. BDO, PLDT and Jollibee all added less than 1 percent. Meanwhile, domestic investors loaded up on Basic Energy, which surged by 48.94 percent upon resumption of trading of the company’s shares on the bourse.—DORIS DUMLAO-ABADILLA