Stocks slip after Christmas Day

By Kris Crismundo/PNA

MANILA — The local stock market slipped on Wednesday, as the Philippine Stock Exchange index (PSEi) fell 0.40 percent or 29.7 points to 7,450.01 points.

All shares likewise declined by 0.26 percent to 4,489.92 points.

Majority of the counters ended the day weaker, but with mining and oil as well as property sectors closed in green territories, growing by 2.93 percent and 0.25 percent, respectively.

Industrial led losers, slipping 0.90 percent to 10,911.74 points.

Wednesday decliners included services, down 0.83 percent to 1,438.44 points; holding firms, down 0.71 percent to 7,316.86 points; and financials, down by 0.02 percent.

Losers outpaced gainers, 115 to 70, while 41 were unchanged.

Popular

Malacañang urges caution on calls to expel Chinese envoy

By Ruth Abbey Gita-Carlos | Philippine News Agency Malacañang on Wednesday acknowledged calls for action against Chinese Ambassador to the Philippines Jing Quan over his...

Malacañang: Armed group sheltering Sen. dela Rosa a threat to nat’l security

By Dean Aubrey Caratiquet After several months of manhunt operations, authorities said that they have already identified the whereabouts of Senator Ronald “Bato” dela Rosa,...

Malacañang presses probe into reported Atong Ang escape

By Darryl John Esguerra | Philippine News Agency Malacañang on Wednesday called for an investigation into possible lapses in law enforcement after Interior Secretary Jonvic...

PBBM, Japan reaffirm bilateral ties, regional cooperation

By Ruth Abbey Gita-Carlos | Philippine News Agency President Ferdinand R. Marcos Jr. and Japanese Prime Minister Sanae Takaichi on Tuesday reaffirmed their commitment to...