INQUIRER: STOCKS CONTINUE TO DECLINE
Local stocks retreated for the 7TH STRAIGHT session on Tuesday, dragging the main index below 6,500, as investors reassessed the market's recent gains. The main-share Philippine Stock Exchange index slumped by 109.93 points or 1.68% to close at 6,426.25. This was even AFTER most markets in the region REBOUNDED after the previous day's scare over a depositor levy proposed as part of a Cyprus bailout. All counters ENDED IN THE RED. There were nearly twice as many decliners (014) as there were gainers (59). Value turnover amounted to P10.94 billion.
Local stocks retreated for the 7TH STRAIGHT session on Tuesday, dragging the main index below 6,500, as investors reassessed the market's recent gains. The main-share Philippine Stock Exchange index slumped by 109.93 points or 1.68% to close at 6,426.25. This was even AFTER most markets in the region REBOUNDED after the previous day's scare over a depositor levy proposed as part of a Cyprus bailout. All counters ENDED IN THE RED. There were nearly twice as many decliners (014) as there were gainers (59). Value turnover amounted to P10.94 billion.
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