arabtoday
Last Updated : GMT 21:44:18
Arab Today, arab today
Arab Today, arab today

Philippine bourse still tumbles after 4-day slide

Arab Today, arab today

Arab Today, arab today Philippine bourse still tumbles after 4-day slide

Philippine bourse
Manila - XINHUA

The Philippine stock market on Tuesday made a futile attempt to put an end to its four-day slide as investors remain unsure of the local equities.

The bellwether Philippine Stock Exchange index lost 0.05 percent or 3.39 points to 7,333.45, while the broader all-share index slipped by 0.18 percent or 7.45 points to 4,183.98.

Trading volume reached 1.39 billion shares worth 5.22 billion Philippine pesos (112.91 million U.S. dollars) with 103 stocks declining, 61 advancing and 42 were unchanged.

Two of the six counters bucked the trend. These were the services and the property sectors. "Bulls took control at the outset, failed to hold the gains but fought back in the final stages to trim the day's losses to a mere 3.39 points,"analyst Justino Calaycay of Accord Capital Equities Corp. said in his daily stock market comment.

Stock market indexes across Asia were dragged by the more than 6 percent losses in Shanghai and Shenzhen despite an earlier injection by the People's Bank of China of 120 billion worth of short term loans to commercial lenders, its largest in nearly two years. "The technical view of the market leaves investors with a lot of gnawing questions on the further sustainability of the bull market run," Calaycay said.

Locally, second quarter corporate earnings failed to impress. Though some reported positive results, they were not what the market thought sufficient to boost confidence.

Moreover, the external headwinds coming from China and Greece, which is now gearing up for another EU vote on its third-bail-out, is affecting heavily investors' sentiments.

Stocks in the 30-company index closed mixed. Among those picked up were Ayala Corp., BDO Unibank, Inc. and heavyweight Philippine Long Distance Telephone Co.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine bourse still tumbles after 4day slide Arab Today, arab today philippine bourse still tumbles after 4day slide

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Ajman Tourism launches time capsule

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today US-led coalition admits 54 deaths

GMT 08:47 2016 Friday ,02 December

US-led coalition admits 54 deaths
Arab Today, arab today French satire mag hits Germany

GMT 09:52 2016 Thursday ,01 December

French satire mag hits Germany

GMT 12:16 2016 Friday ,02 December

Dow ends at fresh record; Nasdaq tumbles 1.4%

GMT 01:19 2016 Friday ,02 December

Kuwait Bourse Ends Thursday in Green Zone

GMT 21:38 2016 Thursday ,01 December

US Stocks Mostly Low on Wednesday

GMT 21:01 2016 Thursday ,01 December

Chinese Yuan Weakens to 6.8958 against USD Thursday

GMT 00:42 2016 Thursday ,01 December

Boursa Kuwait Closes on Mixed Note
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today Punk memorabilia torched

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today To find German funny bone

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 08:49 2016 Monday ,28 November

Israeli Arab rapper's music provokes

GMT 11:55 2016 Monday ,21 November

Amal Al-Qubaisi attends reception

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 09:35 2016 Saturday ,19 November

Hyperloop One settles co-founder

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday