Another Downhill Day
The market opened slightly higher than its last close but was all downhill from there. Friday's close was at 3241.13 points. The market fell today by 61.65 points settling at 3179.48. The index fell for the fourth time in the last five trading days. The industrial and property indexes took the biggest blows falling 48.55 and 42.68 points each respectively Among the top ten most traded stocks for the day, only MWC gained from its close last session at 17.75, climbing to 18.00 today.
Thin Trading
Overall trade value was higher than what we saw in the last two trading days but still relatively thin at the Php1.566 billion mark. Last year, I was told that we were averaging Five Billion Pesos in trades daily. We're a long way from there at this level.
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