Stocks Are Mixed on Thin Volume
April 03, 2011
The Philippine Stock Exchange Index of 41 selected issues fell 10.88 to 3217.42. Decliners outpaced gainers 85 to 33 while 60 issues were unchanged. Volume was thin at 4.15 billion shares valued at 1.92 billion pesos, compared with Friday's 10.43 billion shares valued at 3.123 billion pesos. Shipping concern Lorenzo Shipping debuted dismally, closing 5.90 pesos a share below its initial public offering price of 5.96 pesos.
