Profit-taking continues to hound PHL shares

Profit-taking continued to hound shares on the Philippine Stock Exchange Tuesday in the absence of market-lifting news. The PSE index fell by 39.54 points or 0.94 percent to close at 4,147.35, according to the PSE online market information at 12:10 p.m. More than 1.18 billion shares valued at P5.24 billion changed hands. Losers led gainers 88 to 54 with 40 issues closing unchanged from Monday’s levels. “The market found no firm leads to move on," a trader of Accord Capital Equities Inc. said. It will likely continue on a consolidation path for the rest of the week, he added. — VS, GMANews.TV