Wednesday, September 21, 2011

Philippine Stock Market Summary Sep 21, 2011

The market extended its slump to a second day, with the PSEi losing 15.53 points or 0.37% to 4,201.14.
Index decliners led advancers 18 to 12. Among the biggest decliners were property shares SMDC (-3.08%), MEG (-1.62%) and ALI (-1.18%). SM (-2.07%) also fell, extending its losses to over 7% during the past 4 days. Other notable decliners were BDO (-1.79%), MER (-1.56%), and JGS (-1.26%). Meanwhile, DMC (+0.96%), PX (+0.84%), and SMC (+0.82%) bucked the overall trend to close higher. All sectors except the mining & oil sub-index (+0.54%) ended lower, led by holding firms (-0.87%) and property companies (-0.79%).

Value turnover fell to Php3.42Bil from Tuesday’s Php3.82Bil. Foreigners were net sellers for a second straight session, liquidating Php504.11Mil worth of shares.


via www.citiseconline.com

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