The bellwether Philippine Stock Exchange index slipped by 4.25 points or 0.06 percent to close at 6,729.96 while the broader all shares index inched up by 0.71 points or 0.02 percent to 3,792.48.Share prices moved on narrow band as investors stayed on the sidelines while waiting for November inflation rate data and more leads overseas.
After several days of decline, the share price of Universal Robina Corp. rose 2.05 percent to P79.60 per share. SM Investments Corp. declined 2.38 percent to P882.50 apiece. He said the decision was made “to safeguard a liberal South Korea from the threats posed by North Korea’s communist forces and to eliminate anti-state elements plundering people’s freedom and happiness”.
It added that “the range of securities eligible for transactions and the target institutions will be expanded”. “This recent development could raise some further risk premium on the currency at least until we get clarity on political stability,” he added.