PSEi slipped to 3,429
Local equities retreated Thursday, following Wall Street's recent drop (DJIA -39, Nasdaq Composite -23 points) while others may have opted to cash-in gains from prior sessions' strength. The PSEi fell 22 points at 3,429.35 (-0.65% day-on-day) led by: holdings (-1.74%) & property (-1.05%). TEL (-P6 at P2,432); AC (-P7.6 at P317); & MEG (-P0.07 at P1.54) corrected, MBT (+P0.30 at P59.50) & BPI (P0.50 at P47.25) bucked the trend. Participation reached P3.42bn, on P56mn net foreign buying. Decliners won over advancers, 78-37.