Stocks slip on thin trade
The local stock barometer faltered on Thursday in thin trade ahead of the long weekend break.
The Philippine Stock Exchange index shed 16.56 points or 0.26 percent to close at 6,404.23 even as most markets elsewhere around the region firmed up.
For the week, the index has fallen by 129.72 points or 1.9 percent as the “ghost month”—the period when many Oriental investors refrain from making large investments—kicked in. Across the region, sentiment was dampened by uncertainties over US monetary policy.
Trading volume was thin at P4.18 billion as some investors preferred to stay on the sidelines. Despite the main index decline, there were 63 advancers which narrowly edged out 61 decliners, while 57 stocks were unchanged. Doris C. Dumlao
Get Inquirer updates while on the go, add us on these chat apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
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