PH stocks weaken

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MANILA, Philippines–Local stocks weakened for the third straight session on Monday as investors across the region turned cautious ahead of the “ghost month” and a forthcoming US Federal open market commitee (FOMC) meeting.

The main-share Philippine Stock Exchange index lost 45.96 points or 0.68 percent to close at 6,717.66.

Across the region, stock markets were mostly in the red as investors awaited the stream of second quarter corporate earnings result, further clues on US monetary policy from the July 30-31 FOMC meeting while some investors remained on the sidelines as the “ghost month” drew nearer.

The so-called “ghost month” will start on August 7 and end on September 4 and expected to result in meager trading volumes in the market.

Volume turnover amounted to P5.7 billion. There were only 59 advancers which were outnumbered by 101 decliners while 34 stocks were unchanged.

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  • UrHONOR

    Steady…steady she goes.

    Bull’s resting for a while.

    Sa mahihina ang loob at nanginginig na tuhod, kung sagad na kayo, relak lang. At kung may a-arya pang pisi, mag-arya pa. Hindi aalagwa ang saranggola ni Pepe….matayog ang lipad at matibay ang poste.

  • UrHONOR

    HOLY ghost month!

  • kilabot

    so, where are noykapon’s dumbbeaters?
    where is the usually voluble pied piper of abnoyance?
    where is trickle down?
    where is inclusive?
    where is fdi?
    where is gdp?
    without the remittances of sotws.
    where, where, where?
    pervert.

  • Guest

    Paktay na! Lugi negosyo lah! Nanlalambot na naman ang mga tuhod ko. Pati na rin tite ko! PSEi, umayos kayo, tangna luging-lugi na ako!

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