August 20, 2025 | 12:00am
MANILA, Philippines — Buyers maintained a cautious stance amid lack of contemporary leads, dragging the native inventory market down for a second consecutive session.
The benchmark Philippine Inventory Trade index slipped by 0.18 % or 11.21 factors to shut at 6,277.67 yesterday.
The broader All Shares index additionally dipped by 0.09 % or 3.21 factors to three,737.90.
“Native equities continued to tread water as traders seemingly undertake a wait-and-see stance forward of the Jackson Gap Financial Coverage Symposium later this week the place we may get a sneak peek of future coverage strikes from the Fed,” AP Securities Inc. mentioned in a report.
With no new catalysts in sight, Luis Limlingan of Regina Capital mentioned traders are seemingly adopting a extra cautious stance whereas ready for the following alternative.
“The market was weighed down by promoting strain, as some traders could already be partaking in profit-taking,” Limlingan mentioned.
Buying and selling was robust as worth turnover improved to P7.59 billion from the day before today’s P6.18 billion.
Sectors had been dominated by these within the purple, led by providers which plunged by 1.22 %.
Holding companies in addition to mining and oil had been the one ones within the constructive territory, rising by 0.87 % and 0.16 %, respectively.
Market breadth was nonetheless unfavorable as decliners battered advancers, 101 to 86, whereas 63 points had been unchanged.
ICTSI was yesterday’s prime traded inventory, declining by 2.18 % to P475 per share, adopted by DigiPlus and BDO Unibank which gained by 11.73 % and 1.48 %, respectively, to P30 and P144.
