SUMMARY
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MANILA, Philippines – Stocks fell for a second straight day Tuesday, April 2, on continued profit taking.
The Philippine Stock Exchange index (PSEi) dropped 1.33% or 91.16 points to 6,748.43 from 6,839.59 on Monday, April 1. Monday’s close was a 0.2% decline from PSEi’s record finish before the market took the Holy Week break on March 27.
The PSEi hit its 24th all-time high for 2013 on March 27, breaching the 6,900 mark before closing at 6,847.47. President Benigno Aquino III was confident the index would reach the 7,000 level in 2013.
On Tuesday, the all-share index settled at 4,195.76 points, a 0.97% or 41.14-point decline.
Around 2.02 billion shares worth P7.55 billion changed hands.
There were 56 advancers and 97 decliners, while 41 shares were steady. – Rappler.com
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