Latest Stories

Most stocks end lower

MOST local stocks were in the doldrums Friday, weighed down by a discounted share-sale of Manila Electric Co. and weak regional markets.

The main-share Philippine Stock Exchange index slipped 27.33 points or 0.41 percent to close at 6,621.02.

There were 55 advancers that were outmatched by 85 decliners while 56 stocks closed unchanged.

The day’s biggest decliner and most actively traded stock was Meralco, which tumbled 8.2 percent to close at P277.60 as an initial sale involving a 5.7-percent stake by conglomerate San Miguel Corp. was closed at a discounted price of P270 each.

The P17.4-billion Meralco block sale bloated the day’s value turnover to P26.57 billion.

Aside from Meralco, DMCI, Aboitiz Equity Ventures, Jollibee, Metrobank, BDO, ICTSI, Globe, Ayala Land and Belle also ended lower.

On the other hand, the day’s index decline was tempered by the gains of Bloomberry, Alliance Global Inc., Manila Water, Aboitiz Power, First Gen, Metro Pacific Investments and Megaworld.

For the week, the index was still up 46.81 points or a modest 0.7 percent as investors reassessed earlier fears of the US Federal Reserve’s tapering of its asset-buying activities.

On Friday, however, regional markets mostly faltered on profit-taking and also following reports of lower-than-expected earnings of US technology stocks Google and Microsoft. Doris C. Dumlao

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , stocks

  • joboni96

    e sa umuwi na mga dayuhang carpetbaggers

    dala yaman ng pilipino

    pero naka komisyon mga intsik switik sa pse

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Ukraine FM: We are ready to fight Russia
  • Slain officer’s ‘diagram’ rocks PNP
  • 2 contractors fined P25,000 for delays in Edsa rehab
  • Luisita beneficiaries take over renters
  • 5 years of hard work pay off for top UP grad
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • A brand for life
  • Wear a rainbow on your wrist
  • Wearing Kate Moss
  • Sail into summer
  • Life lessons from the Ultimate Warrior
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Professionals in the family business
  • Foreign funds flowed out in Q1, says BSP
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Tiff with HK over Luneta hostage fiasco finally over
  • Marketplace