Thursday, 3 October 2013

Yahoo Philippines News - Live 2013 Philippine Elections News Updates and Results: PHL shares tumble as profit-taking rules after investment grade

Yahoo Philippines News - Live 2013 Philippine Elections News Updates and Results
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PHL shares tumble as profit-taking rules after investment grade
Oct 4th 2013, 02:28

Philippine shares tumbled at the start of session Friday as investors cashed in on gains from a rally fueled by the investment grade Moody's Investors Service awarded Philippine sovereign credit rating on Thursday.The main PSEi was down 40.82 points or 0.64 percent to 6,346.83 as of 10:01 a.m."We opened down today with low volume as investors took profits following gains in the past two days," Elizabeth Abadillo, analyst at Angping & Associates Securities Inc., told GMA News Online. ...

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