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 dismisses VP remarks on 2028 polls, calls out Imee’s fake news on vegetable imports

By Dean Aubrey Caratiquet Reinforcing the message that the government remains unperturbed by detractors and the opposition, Malacañang said that it will not bat an...

PBBM hails ARTA’s efforts vs. bureaucracy, lauds reduction in cases

By Dean Aubrey Caratiquet “We walk our talk.” As the government’s chief watchdog against redundancies and inefficiencies in various transactions, the Anti-Red Tape Authority (ARTA) continues...

PBBM orders D.A. to lower rice prices, ensure supply

By Brian Campued President Ferdinand R. Marcos Jr. directed the Department of Agriculture (DA) to implement measures to bring down the prices of rice and...

‘All systems go’ for 48th ASEAN Summit in Cebu —PCO, NOC

By Brian Campued The Philippines is all set to host the 48th Association of Southeast Asian Nations (ASEAN) Summit and Related Meetings in Cebu later...