The local stock barometer slid to the 6,100 level on Thursday as the continued rise in local COVID-19 cases continued to dampen investor sentiment.
“We may see the main index move lower and test support at 6,040 [on Friday],” he added.
The local index was weighed down most by the property counter, which slumped by 3.07 percent, while the industrial counter declined by 1.74 percent.On the other hand, the mining/oil counter gained 1.33 percent. Value turnover for the day amounted to P5.09 billion. There was net foreign selling worth P649.65 million for the day.The PSEi was weighed down most by Jollibee, which lost 4.5 percent, while SM Prime fell by nearly 4 percent.SM Investments and Meralco both tumbled by over 3 percent, while Ayala Land lost 2.8 percent.
Globe Telecom shed 1.43 percent while ICTSI, URC, GT Capital and Metrobank all declined by less than 1 percent.PLDT, BDO and Puregold all rose by less than 1 percent.
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