RP stock market cracks 3,100 mark

(philstar.com) 

MANILA, Philippines (Xinhua) - Investors continued to sell their stocks, sending the market below the 3,100 mark on Tuesday.

The bellwether Philippine Stock Exchange lost by 0.69 percent or 21.73 points to 3,084.57, while the all share index went down by 0.53 percent or 10.45 points to 1,932.23.

Trading was above average where 1.16 billion shares valued at 3. P27 billion ($71.3 million) were changed hands. Foreign investors were net sellers at P89 million ($1.9 million).

Market breadth remains negative where 61 issues tumbled as opposed to the 28 that went up. A total of 72 stocks were unchanged.

Of the six counters, the biggest victims are financial and property issues. Industrial stocks and holding firms meanwhile bucked the carnage.Click here to read more...