News Formal

Stocks lower on higher pump prices, weaker peso

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Italia Notizia Notizia

The local stock market declined following a new round of pump price hikes and a weaker peso.

The main index dropped 48.75 points or 0.78 percent to close at 6,285.19 as losses were led by the Services sector while the Industrial and Mining and Oil counters managed to advance. Volume remained anemic at 885 million shares worth P3.97 billion as losers outpaced gainers 94 to 87 with 53 unchanged.

Philstocks Financial Senior Supervisor for Research Japhet Tantiangco said “The local market closed lower as investors continued to trade cautiously amid the uncertainties over the the Bangko Sentral ng Pilipinas’ upcoming policy decision this week.” He added that, “Sentiment was also dampened by the further weakening of the Peso below the 54.00 per US Dollar mark.”

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 25. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stocks flat as investors wait for newsThe local stock market closed flat as investors wait for cues from US bourses and market-moving news.
Fonte: manilabulletin - 🏆 25. / 51 Leggi di più »