Philippine stocks close lower on lack of leads

16:31, June 01, 2010      

Email | Print | Subscribe | Comments | Forum 

The Philippine stock market finished marginally lower Tuesday as some investors decided to book their gains on lack of leads.

The benchmark Philippine Stock Exchange index lost 6.11 points to 3,266.62, while the all-share index shed 0.12 percent or 2.48 points to 2,062.55.

Trading volume reached 2.51 billion shares worth 2.77 billion pesos (59.9 million U.S. dollars) with more foreign buyers than sellers at 48.44 million pesos (1.05 million U.S. dollars).

Decliners beat advancers 49 to 47 while 65 stocks did not move. Of the six counters, only the financial sector and the services bucked the market's decline.

"Trying to keep its rally, the local stock market ended flat on lackluster trading. Lack of leads led to thin trading today as U.S. markets were closed for Memorial Day last night," said Prince Yeung, analyst at AB Capital Securities, Inc.

The local equities track the U.S. market.

Yeung added the thin volume suggests that investors were not keen on making any moves and were focused mostly in selected issues that had significant developments.


【1】 【2】

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
  • Forces of the Libyan National Transitional Council (NTC) shoot shells to the fighters loyal to Muammar Gaddafi outside Bani Walid, Libya, Sept. 27, 2011. Bani Walid is still occupied by fighters loyal to Muammar Gaddafi. (Xinhua/Hamza Turkia)
Hot Forum Discussion