February 05, 2015

Stocks dip on profit taking

The local stock barometer slipped from the 7,700 levels on Thursday as investors locked in gains from the main index’s recent trek to record highs.

PSEi gave up 41.82 points or 0.54 percent to close at 7,674.24, tracking mostly sluggish regional markets.

The decline was led by the property counter, which fell by 1.16%. The financial, industrial and holding firm counters likewise eased – Philippine Daily Inquirer