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Article: Roundup: Philippine stocks close lower as investors dump their shares
- Article from:
- Xinhua News Agency
- Article date:
- October 29, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Roundup: Philippine stocks close lower as investors dump their
shares
MANILA, Oct. 29 (Xinhua) -- The Philippine market nearly wiped
out the gains it made the previous weeks after investors dumped
their shares on Thursday following the Dow Jones' more than 100
points decline the previous day.
The bellwether Philippine Stock Exchange index suffered its
biggest decline for the month after it retreated by 1.57 percent or
45.88 points to 2,862.33. The all share index was also down by 1.5
percent or 27.62 points to 1,806.32.
All six counters finished in the negative territory, led by the
property index which fell by 3.54 percent or 38.29 points to 1,041.
32.
Trading was within average where ...