MANILA - Philippine share prices on Wednesday tumbled for the second straight session, tracking the decline on Wall Street.
At the Philippine Stock Exchange, the benchmark index slid 40.96 points or 0.63 percent to close at 6,420.42. Except for the mining and oil sector, the other counters finished in the red with the service sub-index losing nearly a percent.
Decliners beat advancers, 79 to 60, while 47 issues were unchanged. A total of 810.68 million stocks worth P6.92 billion changed hands.
Most actively traded stocks were Metrobank, LT Group, PLDT, Alliance Global and URC. Top gainers were Mabuhay Vinyl, IMI and Megaworld, while the biggest losers were Synergy Grid, Calapan Ventures and GMA Holdings.
US stocks extended their losing streak to a fourth session as lingering uncertainties over budget discussions and the tapering of US stimulus weighed on sentiment. Overnight, the Dow Jones Industrial Average lost 66.79 points, or 0.4 percent, to 15,334.59
source: interaksyon.com
