Inquirer
PSEi down 2.5% on profit-taking
The Philippine Stock Exchange index (PSEi) fell by 134.96 points to close at 5,266.62 on Friday, March 27, 2020, due to profit-taking after a three-day rally.
The market was primarily weighed down by the property sector, which saw a 4.63% decline, followed by financial, holding firm, and mining/oil counters.
The services counter was the only sector to rise, increasing by 3%.
Investors pocketed recent gains ahead of the weekend, despite a massive COVID-19 spending program in the United States contributing to a week-on-week gain for the PSEi.
Market breadth was positive, with more advancers than decliners, although there was modest net foreign selling.
The week marked the second week of Luzon's lockdown due to COVID-19.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippine Stock Exchange index (PSEi) rose for the second consecutive day on Wednesday, closing at 5,408.52 points.
Read more →
Philippine shares declined on Thursday, April 2, 2020, after two consecutive days of improvement, mirroring regional markets amid worries over the COVID-19 pandemic.
Read more →
The Philippine Stock Exchange index (PSEi) surged by 7.44 percent, closing at 5,401.58 points, driven by optimism surrounding the passage of a massive US$2 trillion stimulus package aimed at mitigating the economic impact of the coronavirus pandemic.
Read more →
The Philippine Stock Exchange index (PSEi) rallied for a third consecutive day on Thursday, gaining 7.44 percent to close at 5,401.58 points.
Read more →
Share prices on the Philippine Stock Exchange ended the week on a positive note Friday as investors' hunt for cheaper stocks pulled the market up towards the trading's close.
Read more →