Atin Ito First Filipino Community Newspaper in Ontario
Philippine stocks ended the week in the red, tracking the movement of the US markets.
The 30-company Philippine Stock Exchange index slipped 52.66 points, or 0.79 percent, to close at 6,625.26, while the broader all-shares index also declined 20.08 points to 3,526.92.
“Philippine equities tumbled on a mixed batch of US earnings reports, adding some precaution that the US economy is not out of the woods yet,” Regina Capital Management Corp. head of sales Luis Limlingan said.
Philstocks Financial Inc. research analyst Claire said investors took more gains Friday. while awaiting for strong catalyst to drive the market.
Alviar said market participation was also weak, with value turnover at P2.67 billion.
— Jenniffer B. Austria
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