philippine bourse extends losses on disappointing economic data
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Philippine bourse extends losses on 'disappointing' economic data

Arab Today, arab today

Arab Today, arab today Philippine bourse extends losses on 'disappointing' economic data

Losses Philippine bourse
Manila - XINHUA

 The Philippine stock market again ended the trading session in the red on Friday following the announcement of a slower-than-expected economic growth in the first quarter of 2014.
The bellwether Philippine Stock Exchange index lost 0.43 percent, or 29.02 points, to 6,647.65, while the broader all-share index retreated by 0.16 percent, or 6.52 points, to 3,997.57.
Trading volume reached 4.57 billion shares worth 16.34 billion pesos (371.98), with 98 stocks declining, 66 advancing and 52 were unchanged.
Of the six counters, only the holding firm and the property sectors bucked the trend.
"Having broken below 6,700, investors might buy more time to wait until reactions to weaker-than-expected first quarter gross domestic product data has dissipated," 2TradeAsia.com said.
The online brokerage said expectations of higher inflation in the coming months may be used as an excuse by some investors to take profits.
The Philippine government announced on Thursday that gross domestic product grew by 5.7 percent in January to March, lower than the government's 6.5 to 7.5 percent growth target for the year.
"It might be prudent to wait for more stable movements within 6, 570-6,600, on hopes for improved fiscal spending that should trickle into allied sectors," 2TradeAsia.com said.
Stocks in the 30-company index closed mixed. Among those sold down were Ayala Land, Inc., Ayala Corp and Alliance Global Group, Inc.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine bourse extends losses on disappointing economic data philippine bourse extends losses on disappointing economic data

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine bourse extends losses on disappointing economic data philippine bourse extends losses on disappointing economic data

 



GMT 11:40 2018 Friday ,05 January

Zuckerberg makes 'fixing' Facebook a personal goal

GMT 01:05 2014 Thursday ,13 February

Flora

GMT 21:50 2017 Wednesday ,25 October

Abdullah bin Zayed visits WorldSkills Abu Dhabi 2017

GMT 16:33 2017 Tuesday ,04 July

Hany Ramzy happy for positive reactions

GMT 20:11 2018 Wednesday ,05 December

EU wants INF Treaty 'preserved and fully implemented'

GMT 21:01 2018 Sunday ,25 November

Oil prices plummet amid U.S. drilling rigs down

GMT 13:01 2016 Sunday ,28 August

China's Top 500 Firms Report First Revenue Decline

GMT 04:46 2014 Thursday ,11 December

Taliban suicide blast kills 6 Afghan soldiers in Kabul

GMT 11:10 2018 Wednesday ,17 January

MP Hariri welcomes Sho
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday