Stocks fall ahead of national polls

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The local stock market fell amid uncertainties before Monday’s elections as well as due to weaker US bourses overnight.

The PSEI dropped 109.02 points or 1.59 percent to close at 6,759.90 as the Property sector led the retreat although the Services counter bucked the trend and eked out a gain. Volume was slightly higher at 653 million shares worth P5.95 billion as losers beat gainers 107 to 60 with 61 unchanged.

Philstocks Financial Senior Supervisor for Research Japhet Tantiangco said “The local market plunged following the negative cues from Wall Street’s overnight decline.” He added that, “This came as interest rates in the US rose with their 10-year bond yield breaching the 3.00 percent mark.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 25. in BE

Belgique Dernières Nouvelles, Belgique Actualités