Stocks move forward a little by 0.08 percent; peso weakens
05/22 1:10:22 PM
Stocks closed slightly higher Monday on consolidation, the index closing up by 1.96 points to 2,357.98. The All-Shares market also closed higher by 1.20 points to 1,469.57.
Most of the subindicators were trading in the green except for financials, property and mining and oil. The biggest loser was mining and oil, down by 396.31 points.
Trade volume was pegged at 6.37 billion shares worth 1.47 billion pesos. Decliners beat advancers, 77 against 25, with 39 unchanged issues.
At the foreign exchange market, the local currency was trading at 52.822 pesos against the US dollar in mid-day trades. The peso closed at 52.650 last week.
http://www.philstar.com/philstar/NEWS_FLASH052220067795_5.htm
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