My Google Page Rank

Stocks, peso down on eurozone worries

PDFPrintE-mail

Profit-taking ruled the local bourse Monday resulting in a negative trading performance as investors became risk-aversed due to the bungled talks on how to put up the new Greek government as well as fears for more signs of China’s soft landing.

The Philippine Stock Exchange index (PSEi) went down by 74.52 points, or 1.4447 percent, to 5,083.62 points from the 5,158.14 points last Friday.

Also, the all shares index lost 60.74 points or 1.7837 percent to 3,344.48 points over the previous trading day’s 3,405.22 points.

All the sectoral indices also ended the day on the red.

Value turnover reached P5.82 billion after 4.73 billion shares changed hands.

Losers edged advancers at 152 to 32 while 25 stocks were unchanged.

Accord Capital, in a report, said the euro zone will still play a major role on how stock markets around the globe will trade in the coming days primarily due to the impact of political developments in Greece.”

However, the report cited that “the domestic front has given a fair balance to external shocks.”

“We remain on track to hitting our targets and this should augur well for company fundamentals as the year progresses,” it said citing a 5,150 points support level for the PSEi and the possible re-entry to the 5,200 points level.

“That said, we do not discount short term gyrations to create some jitters as the trading cycle shifts from corporate earnings to corporate stories opening doors for short-term trading opportunities,” it said.

Relatively, the peso shed P0.135 after ending the day at 42.705 to a dollar from last Friday’s 42.57 close.

It started the day at 42.55, which is its strongest for the day, and went down to 42.71 resulting an average of 42.62.

Volume of trade amounted to US$ 697.49 million, lower than the US$ 1.1 billion at the end of last week.

by: PNA




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

Summer sport program set for May

29 Mar 2017 Hits:67 Be the first to comment!

Some 26 sport disciplines will be offered in the month-long summer sports program to be spearheaded by the local government this May. The Basic Sports Summer Camp 2017, most commonly known as the Learn to Play a Sport Program, is a training and sports clinic which aims to teach children ages 8 to 15 the rudiments of their chosen sport discipline for free. Now on its 22nd year, the summer Learn to Play is part of the local government’s sports development program. Aside from providing a fun and recreational learning experience during their summer break, the month-long program also serves as a training ground to scout and hone future athletes of the City. This year’s summer Learn to Play will include: archery, arnis, [...] Read more

Prev Next Page:

Summer activities lined up for Sta. Cruz isle

29 Mar 2017 Hits:43 Be the first to comment!

The city government through its Protected Area Management Unit (PAMU) has lined up several activities for the enjoyment of the flux of visitors who are expected to troop to Sta. [...] Read more


Businesswoman, companion robbed

29 Mar 2017 Hits:39 Be the first to comment!

A businesswoman and her companion were allegedly robbed at gunpoint by three unidentified armed suspects along Don Alfaro Street, Barangay Tetuan, this city, Monday night. The victims were identified as Darwisa [...] Read more


SS Chair delivers keynote message during 16th National Convention of Lawyers

29 Mar 2017 Hits:43 Be the first to comment!

Social Security Commission Chairman (SSC) Dean Amado D. Valdez (top photo) stressed the importance of paradigm shift to provide SSS with greater income opportunities which will also translate to the [...] Read more


Globe lands SEA-US cable system in Davao City; nears commercial operations

28 Mar 2017 Hits:64 Be the first to comment!

Globe Telecom successfully landed over the weekend the Southeast Asia-United States (SEA-US) submarine cable system, bringing the company one step closer towards the provision of richer and enhanced international connectivity [...] Read more


Metro Manila residents feel safer; cops step up crime drive

28 Mar 2017 Hits:52 Be the first to comment!

At least 82 percent of Metro Manila residents feel safer in the streets due to the intensified police campaign against illegal drugs, a Pulse Asia survey shows. Pulse Asia randomly selected [...] Read more


SSS eyes mandatory OFW coverage

28 Mar 2017 Hits:52 Be the first to comment!

The state-run Social Security System said it is asking the help of lawmakers to implement the mandatory coverage of Overseas Filipino Workers (OFWs) following its goal to expand its members’ [...] Read more


Students under SPES to help direct traffic flow - Jawo

28 Mar 2017 Hits:63 Be the first to comment!

The city government will use the services of students under the Special Program for Employment of Students (SPES) to help in the implementation of the experimental traffic rerouting scheme. Traffic coordinator [...] Read more


(For effective traffic scheme:) Illegal parking not tolerated

28 Mar 2017 Hits:65 Be the first to comment!

Authorities warned motorists anew against illegal parking, particularly in light of the experimental traffic scheme currently being implemented. Executive Assistant Jawo Jimenez said owners of illegally parked vehicles will immediately receive [...] Read more


(TFZ change of command set today:) Beng cites Uy for efforts vs terrorism

28 Mar 2017 Hits:61 Be the first to comment!

Mayor Beng Climaco has cited Col. Juvymax Uy, outgoing commander of Task Force Zamboanga for his hardwork and efforts in maintaining peace and security in the city that resulted to [...] Read more


LIAC on transportation tackles traffic scheme, truck ban

25 Mar 2017 Hits:157 Be the first to comment!

The City Administrator’s Office on Thursday afternoon convened the Local Inter-Agency Committee (LIAC) on the Enforcement of Land Transportation Regulations to tackle pressing issues affecting traffic in the city’s main [...] Read more


Visually-impaired Dapilin graduates cum laude

25 Mar 2017 Hits:94 Be the first to comment!

A visually-impaired student from Basilan Province is graduating cum laude with a degree of Bachelor of Science in Education at the Western Mindanao State University (WMSU) on Wednesday, March 29. Abdulazis [...] Read more


Chides Magdalo men for being ‘cowards’

24 Mar 2017 Hits:124 Be the first to comment!

President Rodrigo Duterte on Monday branded Vice President Leni Robredo as an enemy who was in a hurry to claim the presidency and described Senator Antonio Trillanes IV as “a [...] Read more


Globe equips Manila Science HS with 21st Century classroom

24 Mar 2017 Hits:98 Be the first to comment!

Globe Telecom and Habitat for Humanity officially turned over to Manila Science High School (MaSci) over the weekend a multifunctional Information and Communications Technology (ICT) laboratory with a collaborative working [...] Read more


WestMinCom troops honor fallen marine soldier

24 Mar 2017 Hits:102 Be the first to comment!

A fallen soldier from the Marine Battalion Landing Team (MBLT)-2, who was killed during a clash with communist rebels, was honored in a send-off ceremony before he was brought to [...] Read more


Six alleged drug pushers arrested

24 Mar 2017 Hits:99 Be the first to comment!

Six persons, including a minor, were arrested in a series of buy-bust operations conducted by the different police stations of the Zamboanga City Police Office (ZCPO), Wednesday. The Drug Enforcement Team [...] Read more


MGB-9 orders stoppage of illegal gold mining in Baliguian town

23 Mar 2017 Hits:97 Be the first to comment!

Local small-scale miners looking for gold ores were ordered to stop illegal mining activities in Pigbogololan area in the rural town of Baliguian, Zamboanga del Norte early this month after [...] Read more


Globe myBusiness gives tips to working in the comfort of your own home

23 Mar 2017 Hits:97 Be the first to comment!

Many business owners enjoy working from home, but there’s a challenge that automatically comes with it.  There are certainly many perks, like being in charge of your own time, dressing [...] Read more


Cocolisap funds await PCA, City Hall coordination gab

22 Mar 2017 Hits:90 Be the first to comment!

Funds to rehabilitate the coconut industry following the cocolisap devastation cannot be released as of yet until after the Philippine Coconut Authority (PCA) regional office 9 and the city government [...] Read more