The Philippine stock market succumbed to profit takers on Thursday. The bellwether Philippine Stock Exchange index lost 0.52 percent, or 32.81 points, to 6,315.69, while the broader all-share index retreated by 0.51 percent, or 19.59 points, to 3,814.23. Trading volume reached 4.05 billion shares worth 13.27 billion pesos (294.86 million U.S. dollars) with 105 stocks declining, 61 advancing, and 39 were unchanged. Of the six counters, only the service sector bucked the trend. Brokerage 2TradeAsia.com said in its daily stock market comment that positive outlook for the local economy should have supported extended buying in the local equities. Standard & Poor's latest economic growth outlook on the Philippines, coupled by French firm Coface's inclusion of the nation as part of the "new emerging economies" might support buying sentiments in the local equities. The credit ratings agency revised its outlook to 6.6 percent from 6.4 percent, which 2TradeAsia.com said could have enticed investors to buy selected large-caps. Sellers, however, outwitted buyers during the latter part of the session. The index, after touching an intra-day high of 6,361. 27 or almost 20 points higher from Wednesday's close, erased all its gains and closed lower. Stocks in the 30-company index were mostly down. These include Alliance Global Group, Inc., SM Investments Corp., and Banco de Oro Unibank, Inc.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained 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 ©
Send your comments
Your comment as a visitor