24 November 2010
USD/PhP: 43.97 - 0.23 PSEi: 4124.54 - 22.81
USD/JPY: 83.09 PFINC: 956.60 - 3.59
EUR/USD: 1.3401 BDO: 54.50 - 0.60
GBP/USD: 1.5822 BPI: 58.80 - 0.65
PDSTF3M: 1.8115 MBT: 73.00 + 1.20
Prices as of 4:00pm Source: Bloomberg, Reuters
PH stocks slide amid tensions on Korean peninsula
By Doris Dumlao
Philippine Daily Inquirer
MANILA, Philippines – Local stocks lost ground for the third consecutive session Wednesday as fresh geopolitical tensions on the Korean peninsula spooked global markets.
The main-share Philippine Stock Exchange index shed 22.81 points or 0.55 percent to finish at 4,124.54.
Although investor sentiment was weak, local sell-offs were tempered by attractive valuations of some stocks following a sharp market correction two weeks ago.
Value turnover stood at P5 billion. There were almost twice as many stocks that declined for every single one that gained in share price.
Among the stocks that faltered were SM Investments Corp., Philippine Long Distance Telephone Co., Cebu Air Inc., Banco de Oro Unibank Inc., Energy Development Corp., Universal Robina Corp., San Miguel Corp., San Miguel Brewery Inc., DMCI Holdings Inc., Semirara Mining Corp., First Gen Corp., Metro Pacific Investments Corp. and International Container Terminal Services Inc.
No comments:
Post a Comment