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Article: Roundup: Philippine stocks close lower on weak U.S. equities market

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Xinhua News Agency
Article date:
October 28, 2009
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Roundup: Philippine stocks close lower on weak U.S. equities market

MANILA, Oct. 28 (Xinhua) -- The Philippine market closed marginally lower on Wednesday tracking the downtrend in the U.S. market.

The bellwether Philippine Stock Exchange index was down by 0.93 percent or 27.53 points to 2,908.21, while the all share index declined by 0.69 percent or 12.77 points to 1,833.94. Only one of the six subsector indices went up. The mining and oil sector ended 3.67 percent or 300.33 points higher.

Trading was above average where some 3.17 billion shares valued at 3.54 billion pesos (75 million U.S. dollars) were exchanged. Foreign investors were net sellers at 250 million pesos (5.3 million U.S. ...

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