By Joann Santiago
Local stocks ended its three-day rally Friday with the main index closing below the 5,000-level after investors anticipated a monetary easing by Federal Reserve Chairman Ben Bernanke, which further aggravated worries on the euro zone.
The composite index ended the day at 4,994.07 points, down by 28.88 points or 0.57 percent against day-ago’s 5,022.95 points.
Also, the broader all shares index contracted by 14 points, or 0.42 percent, to 3,335.11 points from day-ago’s 3,349.11 points.
Only the mining and oil index registered gains during the day after closing at 24,419.15 points, up by 321.92 points, or 1.34 percent, from Thursday’s 24,097.23 points.
Decliners led gainers at 101 to 53 while 41 stocks were unchanged.
Value turnover reached P4.18 billion after 1.26 billion shares changed hands.
Relatively, the local currency weakened against the dollar after shedding 11 centavos to 43.27 from day-ago’s 43.16 finish.
It started the day at 43.20, down from Thursday’s 43.10.
Strongest trade for the day stood at 43.17 while weakest was at 43.32, resulting in a 43.23 average for the day.
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=51114.0
