(philstar.com)
MANILA, Philippines (Xinhua) - The Philippine stock market finished lower Monday on a string of negative news including a widening fiscal deficit and lack of Congress support to boost revenues.
The benchmark Philippine Stock Exchange index lost 12.17 points to 3,106.30, while the all share index shed 0.42 percent or 8.29 points to 1,942.68.
Trading was above average where 1.11 billion shares valued at P3.09 billion ($67.5 million) changed hands because of the special block sale on the shares of Energy Development Corp. and Ayala Land, Inc.
Of the six counters, only the financial index climbed. Market breadth was negative, where 73 issues tumbled and only 31 went up and 58 did not move.
Despite these negative market indicators, foreign investors were on the buying side with P486 million ($10.6 million). Click here to read more...
No comments:
Post a Comment