PSEi falls 0.83% on profit-taking ahead of Holy Week

The Philippine Stock Exchange index (PSEi) fell by 0.83% or 51.48 points to close at 6,134.62, snapping a five-day rally due to profit-taking ahead of the Holy Week break.

The broader all shares index, however, went up by 0.28% or 10.34 points to end at 3,656.99.

Services firms suffered the steepest loss, with index heavyweight International Container Terminal Services Inc. (ICTSI) slipping by 3.9 percent.

Conglomerates also saw a dip, influenced by a 2.95-percent decline in the shares of SM Investments Corp.

Investors took advantage of the bourse's recent comeback to book gains before the long weekend, which saw financial markets closed on April 17 (Maundy Thursday) and 18 (Good Friday).

The local bourse also took cues from Wall Street's overnight decline, with the Dow Jones Industrial Average falling by 0.38%, the S&P 500 dropping by 0.17%, and the Nasdaq Composite declining by 0.05%.

Trading volume remained subdued with 951.74 million shares valued at P4.21 billion.