Philippine stocks close flat ahead of presidential address |
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Published
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Mon, 23 Jul 2007 05:41
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MANILA (Thomson Financial) - Philippine share prices closed flat after thin trading Monday, with investors staying on the sidelines before President Gloria Arroyo delivers her annual address to Congress later in the day, and following the substantial pullback on Wall Street Friday.The initial public offering of broadcaster GMA Network Inc and the follow-on offering of Philippine National Bank remained in focus, sapping liquidity.The composite index ended 0.49 point lower at 3,737.79.The all-share index dropped 2.54 points or 0.1 percent to 2,419.38.There were 64 decliners and 47 advancers, while 63 stocks were unchanged.A total of 4.0 billion shares worth 3.1 billion pesos changed hands.(1 US dollar = 44.95 pesos)enrico.delacruz@thomson.comed/jmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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| Stock
Quotes * |
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NASDAQ
|
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2792.28 |
22.57 (
0.81 %)
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| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
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CARNIVAL
(
11:35am )
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2017.00 |
46.00 (
2.42 %)
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WHITBREAD
(
11:35am )
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1662.99 |
33.99 (
2.09 %)
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| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
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IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
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| SYMBOL (
2012-01-19 )
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| LAST |
CHANGE
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Philippine shares outlook - Lower on lack of fresh leads 