PH stocks sink to 6,700 level on US concerns

Trump’s policy in the region.

Francisco said the market was on an upward momentum prior to the US presidential elections, but sentiments turned sour after the result of the election came out and also because of lower third-quarter Philippine economic growth.All sectors were in the red, with the banks having the biggest loss of 1.84 percent, followed by the Industrials with 1.8 percent.

“So far this November, total net foreign selling has reached approximately P10.80 billion, with not a single day of net foreign buying recorded,” Philstocks Financial Inc research analyst Claire Alviar said.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PH share prices climb on positive earnings resultsPhilippine stocks opened the shortened trading week in the green amid positive third-quarter earnings of major companies. The bellwether Philippine Stock
Source: MlaStandard - 🏆 20. / 55 Read more »

PH stocks, peso climb on positive cues from US equities marketPhilippine stocks ended the week in the green on positive cues from the US equities market amid encouraging economic data. The Philippine Stock Exchange
Source: MlaStandard - 🏆 20. / 55 Read more »

Millennial startup owners aim to establish world-class Philippine watchmaking industryThe Philippine watchmaking scene may not be well-known yet, however, a handful of brands are determined to change that. They even have a private group
Source: MlaStandard - 🏆 20. / 55 Read more »