Supportive policies
On the main index, Mangun said the market was beginning to see the strength of the resistance levels between 6,950 and 7,000. The local market was weighed down most by the holding firm and mining/oil counters, which both lost over 1 percent.On the other hand, the property counter added 1.18 percent.Value turnover amounted to P5.86 billion. There was a modest net foreign buying of P238.45 million.JG Summit fell by 3.98 percent, while Security Bank and Puregold both lost over 2 percent.BPI and Ayala Corp. both declined by less than 1 percent.