Philippine Asian News Today Vol 20 No 23 | Page 27
December 1 - 15, 2018
CLASSIFIED ADS
PHILIPPINE ASIAN NEWS TODAY
27
Answers to
Pinoy Trivia
1. a. Norman Vincent
Peale
2. a. True (located in China,
Myanmar and Japan,
respectively)
3. c. Bengali
4. d. Bauhaus
5. a. Georgia O’Keeffe
($44.4 million)
6. ‘Pay through the nose’
7. US Libraryof Congress
8. Taiwan (in Tainan City)
9. The Sandman
10. V-J Day in Times
Square (Victory over Japan
Day)
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Shares, peso bounce back
Local shares wiped out Monday’s
losses yesterday amid developments
abroad while the peso closed slightly
stronger.
The Philippine Stock Exchange
index jumped by 1.4 percent or 102.87
points to 7,451.08.
“Philippine shares staged a rally
with the Brexit vote postponed and US
stocks recovering from an early rout,”
Luis Limlingan of Regina Capital said.
The broader all shares index was
up 37.59 points to 4,478.73, or a 0.85
percent increase.
Gainers edged losers 106 to 75
with 53 stocks unchanged.
Trading turnover reached P4.72
billion.
Counters were mixed, with four
ending in the green and two ended in
negative territory.
Holding firms led those in the
positive closing 1.96 percent higher,
while services suffered the biggest loss
with 0.47 percent decline.
“So far, the PSEi is still trading
within our uptrend range as the major
support is still far below at 7,117, -4.5
percent away from the last close. We
notice that volume turnover has been
at a decline since the beginning of
December, more than halving from
P10 billion to just P4.4 billion presently.
As we approach the holidays, we may
be seeing more funds turn coy and
expect weak trading activity moving
WWW.PHILIPPINEASIANNEWSTODAY.COM
forward, “ Arbee Lu of Papa Securities
said.
The peso opened slightly weaker at
52.83 to the dollar after the trade data
was released, compared the 52.80
close the previous day. The currency
closed at 52.77.
The peso hit a high of 52.76
and a low of 52.91. Trading volume
amounted to $906 million. (Malaya)