{"id":33814,"date":"2014-12-05T12:37:13","date_gmt":"2014-12-05T04:37:13","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=33814"},"modified":"2014-12-05T12:37:13","modified_gmt":"2014-12-05T04:37:13","slug":"profit-taking-pulls-down-phl-stocks","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/12\/05\/profit-taking-pulls-down-phl-stocks\/","title":{"rendered":"Profit taking pulls down PHL stocks"},"content":{"rendered":"<figure id=\"attachment_9993\" aria-describedby=\"caption-attachment-9993\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/stock-market.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-9993\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/stock-market.jpg\" alt=\"ShutterStock image\" width=\"1000\" height=\"686\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/stock-market.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/stock-market-768x526.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-9993\" class=\"wp-caption-text\">ShutterStock imagestock market<\/figcaption><\/figure>\n<p>MANILA &#8212; The local stock market closed lower on Thursday, snapping a three-day rally, as investors locked in profits ahead of the strong typhoon expected to affect the Philippines during the weekend.<\/p>\n<p>The barometer Philippine Stock Exchange index (PSEi) declined 60.90 points to 7,299.85 from previous day\u2019s 7,360.75 close.<\/p>\n<p>\u201dThe approaching typhoon reignites concerns of the damage wrought by typhoon \u2018Yolanda\u2019 about the same time in 2013&#8230;Typhoon damage, if significant, this can also further drag full-year gross domestic (GDP) growth,\u201d said Nisha Alicer, head of research at DA Market Securities Inc., in an interview.<\/p>\n<p>Alicer said that amid possible Christmas rally in select stocks, December can also be marked with thinning volumes as most investors go in vacation.<\/p>\n<p>\u201dWe find opportunistic volatilities in the convergence of said events,\u201d she said.<\/p>\n<p>\u201dThe market has tried three times in the last two months to try and break 7,400. With the high valuations and mixed earning in third-quarter and a low third-quarter GDP, investors are solidifying gains,\u201d said Banco de Oro Unibank chief strategist Jonathan Ravelas.<\/p>\n<p>Counters were mixed with only the mining and oil and property sectors in positive territory.<\/p>\n<p>Trading volume was thin at 1.74 billion shares valued at Php7.1 billion.<\/p>\n<p>Decliners dominated advancers, 110 to 67, while 46 issues were unchanged.<\/p>\n<p>The day\u2019s top losers were led by Lorenzo Shipping Corp., Anchor Land Holdings Inc., Bloomberry Resorts Corp., Xurpas Inc. and Ionics Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The local stock market closed lower on Thursday, snapping a three-day rally, as investors locked in profits ahead &hellip;<\/p>\n","protected":false},"author":44,"featured_media":9993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,43],"tags":[],"class_list":["post-33814","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ph","category-stock-markets","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/33814","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=33814"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/33814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/9993"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=33814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=33814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=33814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}