Arab Today, arab today philippine stocks extend losses tuesday on concerns over us
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

Philippine stocks extend losses Tuesday on concerns over US

Arab Today, arab today

Arab Today, arab today Philippine stocks extend losses Tuesday on concerns over US

Manila - XINHUA

The Philippine stock market extended its losses on Tuesday as most investors are still wary of the developments overseas. The bellwether Philippine Stock Exchange index dived by 1.33 percent or 89.91 points to 6,673.47. The broader all-share index lost 1.17 percent or 48.76 points to 4,128.11. Trading volume reached 1.77 billion shares worth 13.25 billion pesos (315.25 million U.S. dollars) with 123 stocks declining, 53 advancing, and 41 unchanged. All six counters were down. Brokerage 2TradeAsia.com said the successive sell-off has pushed away bargain hunters from local equities, many of whom are waiting for the selling spree to taper off. \"Prospective institutional bargain shoppers might bid for time, until the potential unwinding of earlier overbought positions from some overseas managed funds ceases,\" 2TradeAsia.com said. The composite index tumbled following the announcement by U.S. Federal Reserve Chairman Ben Bernanke that they might cut stimulus if they start seeing indications of sustained growth. The brokerage said the latest descent has opened room for some investors to consider this as good technical entry to ramp-up on large-caps that quickly recovers once pessimism abates. The bargain hunters are slowly manifesting their presence in Tuesday\'s trade, where investors saw the index climb back after losing more than 100 points during the session. 2TradeAsia.com advises investors to check for potential momentum build-up especially after the local index\'s successive declines. Stocks in the 30-company index were mostly down. These issues include SM Investments Corp., SM Prime Holdings, Inc., and heavyweight Philippine Long Distance Telephone Co.

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

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

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 extend losses tuesday on concerns over us Arab Today, arab today philippine stocks extend losses tuesday on concerns over us

 



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 extend losses tuesday on concerns over us Arab Today, arab today philippine stocks extend losses tuesday on concerns over us

 



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 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

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