The benchmark Philippine Stock Exchange index (PSEi) fell on Thursday even as majority of Metro Manila’s mayors voted to ease quarantine restrictions next month. Selling by foreigners also accelerated.
The PSEi ended the session down 1.68 percent, or 116.79 points, to 6,849.64 while the broader all-shares index lost 1.02 percent, or 43 points, to 4,170.48.
The selloff hurt holding firms and property firms the most as their subindices sank 2.45 percent and 2.54 percent, respectively.
Industrial and services also ended in the red while financials and mining and oil rose.
Foreigners were net sellers to the tune of P1.25 billion, data from the PSE showed.
A total of 16.6 billi…
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