Shares Fall on Profit-Taking
April 04, 2011
Traders blamed the overnight decline in the Dow Jones Industrial Average's. And, investors were distracted by the initial public offering on Wednesday of Uniwide Holdings. The Philippine Stock Exchange composite index of 41 selected stocks fell 47.32 to 3170.10. Volume was light at 2.81 billion shares valued at 1.8 billion pesos, down from Monday's figures of 4.15 billion shares traded at a value of 1.93 billion pesos. Empire East Land Holdings led all active stocks as it dropped 50 centavos to 15.25 pesos.
