Close  

PH stocks weaken further

/ 07:24 AM May 01, 2015

MANILA, Philippines–Stocks closed the last session of April in the red as the benchmark measure slid below 7,800 as selling accelerated, mirroring negative sentiments across the region on concerns over the US economy.

The Philippine Stock Exchange index (PSEi) was down 1.41 percent, or 110.65 points, to 7,714.82 on Thursday, closing negative on its third-straight day. The broader all-shares index also declined 0.96 percent, or 43.22 points, to 4,453.

ADVERTISEMENT

Like the previous session, all sub-indices ended in the red, led by a 2.03-percent loss for services and a 1.84-percent drop for property.

Volume also picked up with 1.18 billion shares changing hands for P13.97 billion. Foreign selling picked up, with overseas investors exiting the domestic equities market to the tune of P2.36 billion.–Miguel R. Camus

FEATURED STORIES

Subscribe to Inquirer Business Newsletter
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Finance, Philippines, PSEi, Stock Activity, stocks
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.