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Article: Roundup: Philippine stocks close lower following U.S. decline
- Article from:
- Xinhua News Agency
- Article date:
- October 27, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Roundup: Philippine stocks close lower following U.S. decline
MANILA, Oct. 27 (Xinhua) -- The bellwether Philippine Stock
Exchange index slipped by 0.19 percent or 5.79 points to 2,935.74,
while the all share index was down by 0.31 percent or 5.83 points to
1,846.71.
Two of the six counters climbed. Mining and oil shares retreated
by 1.69 percent or 141 points to close at 8,164.66 despite crude
prices going up by 0.14 percent or 0.11 U.S. dollar to settle at
78.82 U.S. dollars a barrel on Monday.
Meanwhile, holding firms and the financial sectors managed to
defy the composite index after both went up by 0.83 percent to 1,
605.32 and 0.27 percent to 643.29, respectively.
Trading was ...