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Stocks bounce back in late trades
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Published July 30, 2021, 5:22 PM
The local stock market plunged after the government announced a hard lockdown just a few days after saying it is not necessary.
The main index fell 226.30 points or 3.48 percent to close at 6,273.23 with the Property and Holding Firms counters suffering the biggest losses.
Volume improved to 1.81 billion shares worth P6.27 billion as losers dominated at 159 against 47 gainers and 42 unchanged.
“Investors sold off to close the weekend and the month to clean their portfolios ahead of the ghost month of August, while others kept to cash to assess the impact of reverting back to ECQ after a week,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
- 經濟通 ET Net
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- 經濟通 ET Net
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