The lack of positive cues and Wall Street's overnight performance prompted the main index to drop to the 6,100 level on Thursday. He added that the negative results of the US markets overnight also cascaded down to the local market. The continued exodus of foreign funds also weighed on the market as net foreign selling amounted to P731.23 million on Thursday. Trading remained tepid as net value turnover stood at P5.07 billion, still falling below the year-to-date average of P8.05 billion. Total volume turnover was at 2.97 billion shares valued at P5.52 billion.

Source: Manila Times May 20, 2021 16:30 UTC