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Stocks continue to decline



Local stocks retreated for the seventh straight session on Tuesday, dragging the main index below 6,500, as investors reassessed the market’s recent gains.

The main-share Philippine Stock Exchange index slumped by 109.93 points or 1.68 percent to close at 6,426.25. This was even after most markets in the region rebounded after the previous day’s scare over a depositor levy proposed as part of a Cyprus bailout.

All counters ended in the red. There were nearly twice as many decliners (104) as there were gainers (59). Value turnover amounted to P10.94 billion.

Dealers said this correction was needed to build a stronger base to sustain the market’s uptrend especially as local equities have become very expensive relative to historical and regional valuations.

The main index has now given up 440.85 points or 6.4 percent since hitting the peak of 6,867.10 on March 11.

Investors sold down shares of BDO, SM Investments, Ayala Land, Metrobank, PLDT, Alliance Global, Ayala Corp., Megaworld, URC, Bloomberry, BPI, SM Prime, Meralco, Metro Pacific Investments, Petron, JG Summit and ICTSI.

Among those that bucked the day’s downturn were Meralco and second-liner Puregold. Doris C. Dumlao


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Tags: Business , stocks

  • EmmanuelGomez

    pnoy.. boasted about this PSE – what now Mr. President..??what can you do to help the investors?

  • EmmanuelGomez

    are you a Mason to know all this things? my father was a Free Mason but he love God and our country.

    so..before you say something stu///pid //think…or bury your head in the dessert of iraq..

    • Crazy_horse101010

      theres free masons in the vatican they have done a lot of good in some places i think even george washinton was a mason

      • EmmanuelGomez

        Rizal.. was a freemason. our national hero.. .look at Rizal shrine now in Dapitan.. what a waste… ..di ba mayron budget yan??

  • http://profile.yahoo.com/SPLUBLEOSERDBOIJTDOC6XIWGU mxsclxmxn

    Grand Conspiracy Bangko Sentral ng Pilipinas with Free Masonry now in Philippine Bill!

    In the P100 BILL series 2012 Serial # ZK188477 has a logo of the Grand Lodge of Free and Accepted Masons. Freemasonry has its goal of destroying Christendom and replacing it with man-centered government and Satanic religion filled with errors.

    How can this logo of a satanic group be allowed to print in the monetary instrument of the country with the constitution believing in a God asking for HIS Divine Providence?

    In Freemasonry the god of the secret societies is covertly substituted for the One True God. This false god is identified in the Masonic lodges as “the Great Architect.”

    Satan’s Synagogue as per Pope Clement XII year 1738

    Since Freemasonry has attempted so strenuously to claim that they are just a “good ole boy” fraternity that does good works and has a good time, most people will be shocked to learn the bitter truth behind that facade. Freemasonry certainly isn’t “free”. It could cost you your soul.

    Once Masons progress to the higher degrees and they finally believe the ‘Masonic lie”; and they will ‘understand’ that the Grand Architect of the Universe is not the God of the Old or New Testaments, but instead is the perfect dues paying Mason in good standing, who like the statue example above, they chipped away at, and finally shed needless ‘layers’ from both their old useless religion, and from loyalties outside of Masonry, which all along were what concealed them from their own personal true image, as the one and only real God.

    Freemasonry is one of many apostate religions dedicated to the destruction of traditional Judaism and Christianity. Those who aspire to grow in their closeness to Jesus Christ, and to increase their discernment in these days, would do well to stay very clear of Freemasonry. Are your loyalties with Jesus Christ or are they with the lodge? Both are diametrically opposed to one another as you will see below.

    Masons have mixed idolatry, paganism, the occult, Gnosticism, Kabala, fertility cults, Satanism, spiritualism, demonology, and put it into a blender and come up with the Masonic religion. It is not of God! It is a false religion; the Harlot of Babylon. Masons say they offer new candidates “the light”. The light they are actually giving is: Lucifer. The Christian Bible says that Satan walks to and fro on this earth masquerading as an “angel of light”, that many might be deceived.

    An insidious byproduct of Freemasonry is to keep husbands and wives out of churches & away from their children and their homes…

    Satan does not need to receive worship to achieve his goals. All he has to do is to keep a man from following Jesus. Satan knows that anyone who does not follow in the teachings of Jesus does not have God. (2 John 9)

    • M A

      Can you prove it? You keep posting this in every article recently

      • http://www.facebook.com/alfa.saclao Alfa Saclao

        i have read some of it too… but i didn’t know about our country. mostly its all but conspiracy. its up to the readers to believe or not. but talking with my office mates, some of it we believe some we do not.. jeje

      • Crazy_horse101010

        he loves to rant and rave but doesnt say anything he is a laughing stock most forums. he has sent me to hell so many times i feel like im on a roller coaster. he insults everyone he was insulting jesuits until the new pope arrived

    • EmmanuelGomez

      are you a Mason to know all this things? my father was a FreeMason but he love God and our country.

      so..before you say something stu///pid //think…or bury your head in the dessert of iraq..

    • http://www.facebook.com/people/Nimrod-Suaez/100000690243919 Nimrod Suaez

      Our country’s founding fathers were free masons….to name some…like Jose Rizal, Emilio Aguinaldo, Andres Bonifacio, Juan Luna, Gregorio del Pilar, Mabini also Quezon, Roxas, Epefanio delos Santos…they were mostly catholics and have done good deeds in nation building…..



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