Market slips by 0.77%

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 86%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

The local stock barometer slipped for the fourth session in a row on Wednesday as the market, dominated by local retail investors, ditched blue chips in favor of speculative stocks.

The industrial and holding firm counters both declined by over 1 percent, while the financial and property counters slipped by less than 1 percent.Value turnover for the day amounted to P13.1 billion.The PSEi was weighed down most by the country’s oldest conglomerate Ayala Corp., which lost 3.75 percent, while its property arm, Ayala Land, lost 2.02 percent.

URC and Jollibee both tumbled by over 1 percent, while SM Investments slipped by less than 1 percent. Speculative stocks continued to dominate the market, but some have pulled back after extraordinary gains in previous days.Oriental Petroleum fell by 30 percent, while Abra Mining and Philodrill lost 22.73 percent and 14.29 percent, respectively.

Other notable decliners outside the PSEi were Premiere Horizon, MRC Allied and Basic Energy, which slid by 9.35 percent, 6.82 percent and 4.52 percent, respectively. On the other hand, other investors loaded up on non-PSEi stocks, like Apollo Global, which surged by 17.81 percent and was the top traded company for the day.Other notable gainers outside the PSEi were DFNN and AC Energy, which gained 8.42 percent and 1.67 percent, respectively.Subscribe to Inquirer Business Newsletter

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 3. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

S&P 500 slips as tech stocks pull market lowerThe S&P 500 closed lower on Wednesday as optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen was unable to halt a decline in technology shares for a second straight day.
مصدر: inquirerdotnet - 🏆 3. / 86 اقرأ أكثر »

In Carbon, 20 vendors penalized for violating market policiesCebu City market authorities on Monday, March 28 apprehended 20 vendors in Carbon Public Market for failing to follow market policies.
مصدر: cebudailynews - 🏆 8. / 71 اقرأ أكثر »