PHL stocks fell as Euro currency drops

January 6, 2012 11:25 pm 

MANILA, Jan. 6 — Philippine shares retreated Friday, dropping by 35.55 points or 0.78 to close at 4,483.36 to snap a five-day rally.

More than 2.981 billion shares valued at P5.01 billion were traded.

Decliners also trounced gainers 99 to 67 and 32 stocks were unchanged.

Only mining and oil defied the downtrend, which added 189.58 points or 0.77 percent to its portfolio.

Local trading fell along with Asian shares following the decline of Euro against dollar reflecting the crisis' effects such as diminishing clout of European banks.(PNA) RMA/MPC

Comments

Comments are closed.