Arab Today, arab today philippine stocks dip on consolidation
Last Updated : GMT 04:24:17
Arab Today, arab today
Arab Today, arab today

Philippine stocks dip on consolidation

Arab Today, arab today

Arab Today, arab today Philippine stocks dip on consolidation

Manila - Xinhua

The Philippine stock market fell 0. 25 percent on Monday on profit taking, mirroring mostly the sentiments of the overseas equities and ahead of the upcoming long weekend. The bellwether Philippine Stock Exchange index slipped by 12.81 points to 5,029.63, while the broader all-share index tumbled by 0. 28 percent or 9.61 points to 3,401.71. Trading volume reached 1.94 billion shares worth 5.06 billion pesos (117.90 million U.S. dollars) with 94 stocks declining, 71 advancing, and 46 were unchanged. Of the six counters, only the industrial and the service sectors bucked the trend. \"The market remains in consolidation with a downward bias as investors are geared into the long holidays which may prompt selling mode this week. Moreover, the main-index has been hovering into the 5,000 levels -- a peak and a congestion stage for the market,\" brokerage DBP-Daiwa Securities, Inc. said. While investors remained on the buying mode, the dearth of leads locally and overseas have prompted investors to stay at the sidelines. Foreign equities have also provided little motivation. While the Dow Jones industrial average index managed to post a gain of 34 points, Asian equities were trading mixed. \"The Philippine equities may remain lethargic heading deeper into the week. Domestic leads will continue to be scarce forcing investors to seek hints from overseas,\" analyst Justino Calaycay of Accord Capital Equities Corp. said in his daily stock market report. Calaycay is nevertheless optimistic that reactions \"are expected to be muted\" as investors move to the sidelines ahead of the approaching Holy Week. \"We expect bargain hunters to be on the prowl, lending support to the index, which managed to hold the 5,000-line,\" he said. Stocks in the 30-company index closed mixed. Globe Telecom, Inc. , Ayala Land, Inc., and Union Bank of the Philippines all ended lower. In contrast, Megaworld Corp. and heavyweight Philippine Long Distance Telephone Co. were picked up.

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*

Arab Today, arab today philippine stocks dip on consolidation Arab Today, arab today philippine stocks dip on consolidation

 



Arab Today, arab today

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*

Arab Today, arab today philippine stocks dip on consolidation Arab Today, arab today philippine stocks dip on consolidation

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday