The PSEi dropped 164.74 points or 4.24% to 3,721.22. The benchmark index followed the rest of its Asian counterparts bringing its YTD losses to 11.42%.
Index losers outnumbered gainers 28 to 2. The only two gainers were URC (+1.35%), and JFC (+0.60%). On the flip side, all sub-indices fell across the board led by the Mining & Oil sector (-8.22%), and the Holding Firm sector (-4.61%). The biggest losers today were PX (-11.20%), SMDC (-10.14%), MEG (-8.43%), DMC (-8.42%), and SM (-8.16%).
Value turnover fell to Php5.28Bil from Php6.63Bil on Monday. Foreigners were net sellers as they liquidated Php852Mil worth of shares.
via www.citiseconline.com
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