{"id":25667,"date":"2014-09-12T13:31:53","date_gmt":"2014-09-12T05:31:53","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=25667"},"modified":"2014-09-12T21:33:02","modified_gmt":"2014-09-12T13:33:02","slug":"stocks-continue-to-drop-weaken","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/09\/12\/stocks-continue-to-drop-weaken\/","title":{"rendered":"Stocks continue to drop, weaken"},"content":{"rendered":"<figure id=\"attachment_22375\" aria-describedby=\"caption-attachment-22375\" style=\"width: 259px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/stocks-stock-market.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-22375\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/stocks-stock-market.jpg\" alt=\"Wikipedia Photo\" width=\"259\" height=\"194\" \/><\/a><figcaption id=\"caption-attachment-22375\" class=\"wp-caption-text\">Wikipedia Photo<\/figcaption><\/figure>\n<p>MANILA &#8212; For the third session <span data-term=\"goog_659211205\">Thursday<\/span>, local stocks continue to drop reversing earlier gains as investors continue to anticipate monetary tightening from the Bangko Sentral ng Pilipinas.<\/p>\n<p>The Philippine Stock Exchange index (PSEi) dropped by 10.72 points or 0.15 percent and closed at 7,202.06 points.<\/p>\n<p>The financial, holding firm, and service counters led the decline, while the mining\/oil counter did fairly well with a rise of 1.14 percent.<\/p>\n<p>Despite the decline, value turnover for the day is at P6.83 billion, with 99 advancers over 68 decliners. Meanwhile, 50 stocks remained unchanged.<\/p>\n<p>According to some analysts, some investors veered away from pricey large-cap stocks and preferred to get bargains beyond the roster of PSEi.<\/p>\n<p>Both PLDT and Bloomberry lost by more than 1 percent. Some other companies that weighed down the PSEi include Ayala Corp., DMCI, Ayala Land Inc., BPI, and Alliance Global Group Inc.<\/p>\n<p>Semirara and URC also curbed the day\u2019s \u00a0decline at +2.08 and +1.16 percent, respectively. On the other hand, BDO, SM Investments Corp., SM Prime, Energy Development Corp., Megaworld and ICTSI all firmed up.<\/p>\n<p>For stocks outside of PSEi, Puregold, Melco, and Cebu Pacific all gained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; For the third session Thursday, local stocks continue to drop reversing earlier gains as investors continue to anticipate &hellip;<\/p>\n","protected":false},"author":44,"featured_media":22375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[],"class_list":["post-25667","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ph","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=25667"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/22375"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=25667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=25667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=25667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}