Foreign Investors Abandon Market
March 30, 2011
The Philippines Stock Exchange index of 41 selected issues gained 0.38 point to 3188.04. Winners edged out losers 64 to 56, while 62 issues were unchanged. Volume thinned to 7.98 billion shares valued at 2.19 billion pesos from Wednesday's 8.29 billion shares valued at 2.38 billion pesos. Megaworld Properties & Holdings rose 75 centavos to 12.50 pesos following its announcement Wednesday that it has signed on ITT Sheraton to operate and manage a hotel it is building in Manila.
