The PSEi declined yesterday along with overseas markets, amid the looming interest rate hike in the US and concerns over Greece’s debt payment issue. The main index dropped 161.45 points to close at 7,323.44.
There were 29 index decliners and 1 issue that closed unchanged. All sectors declined as well, led by Property (-3.81%). Notable decliners were EMP (-7.24%), SCC (-5.17%), ALI (-4.52%), BLOOM (-4.29%), and FGEN (-4.21%).
Value turnover increased to Php8.8Bil from Php5.3Bil the previous session. Foreigners were still net sellers, liquidating Php1.2Bil worth of shares.
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