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Manila Bulletin - 2021-05-05

Data:

Stock trading remains weak

Business

The local stock market lost a little more ground as investors continue to wait for more market moving news. The PSEi shed 10.13 points or 0.16 percent to close at 6,359.15 with only the Financials counter managing to close in the green. Volume remained anemic at 3.19 billion shares worth ₱4.63 billion as losers overpowered gainers 149 to 57 with 43 unchanged. “Philippine shares closed slightly lower as investors returned back into the US where shares tied to economic reopening rallied on relaxed pandemic restrictions,” said Regina Capital Development Corporation Managing Director Luis Limlingan. He added that, “Property index heavy-weights ALI and SMPH also released their 1Q earnings, which set the tone for today's muted PSEi performance.” (James A. Loyola)

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