PSEi slips below 6,200

By Doris C. Dumlao

Philippine Daily Inquirer

4:31 pm | Tuesday, December 3rd, 2013

PSE index as of December 3, 2013, 3:46 PM. Screengrab from http://www.pse.com.ph

MANILA—The local stock market ended a five-day winning streak on Tuesday as investors awaited fresh catalysts to boost the local stock index past the 6,200 barrier.

The main-share Philippine Stock Exchange slipped by 43.87 points or 0.7 percent to close at 6,179.50, tracking mostly sluggish regional markets.

All counters ended in the red but the most battered were the industrial and property counters, both of which tumbled by over 1 percent.

Turnover was thin at P5.2 billion. There were 48 advancers against 89 decliners while 47 stocks were unchanged.

The main index laggers for the day were MWC (-5.53 percent), RLC (-4.36 percent). FGEN (-3.09 percent) and SMPH (-3.02 percent) while EDC, ICTSI, Jollibee, Globe Telecom and SMC all fell by over 2 percent.

On the other hand, those that bucked the downturn were BPI and AEV which gained by over 1 percent each.

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Tags: Business , stocks

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