The main index dropped 54.98 points or 0.77 percent to close at 7,085.69 as the Mining and Oil counter led the retreat across the board. Volume improved to 878 million shares worth P6.91 billion as losers beat gainers 105 to 82 with 43 unchanged.
“Philippine shares closed weaker ahead of key US inflation data releases and central bank news that could provide information about the future of monetary policy,” said Regina Capital Development Corporation Managing Director Luis Limlingan. AB Capital Securities, meantime, said that “the local market retreated as new COVID-19 cases continue to post record highs.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks fall as COVID cases riseThe local stock market fell as investors fret over rising COVID-19 cases and as more areas are put under more stringent quarantine measures.
Source: manilabulletin - 🏆 25. / 51 Read more »
U.S. reports at least 1.1 mln COVID cases in a day, shattering global record - BusinessWorld OnlineThe United States reported at least 1.13 million new coronavirus infections on Monday, according to a Reuters tally, the highest daily total of any country in the world as the spread of the highly contagious Omicron variant showed no signs of slowing. The previous record was 1.03 million cases on Jan. 3. A large number of cases are reported each Monday due to many […]
Source: bworldph - 🏆 9. / 68 Read more »
Random antigen testing set for railways amid rising COVID-19 casesA passenger of the Light Railway Transit at the EDSA-Taft station undergoes COVID-19 antigen testing on Tuesday, January 11 as the Department of Transportation conducts random tests on consenting passengers. Photo from Rappler. READ:
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Beyond the Stories: Bakit lumobo ang bilang ng COVID-19 cases sa Pilipinas?Paano dapat tugunan ng gobyerno ang kasalukuyang surge? Panoorin ang talakayan sa MIyerkoles, ika-12 ng Enero! BeyondTheStories rappler is a joke, d b enjoy na enjoy sa kalayaan kaka party nio nun xmas? oh anu ngayun? kasalanan yan ng gobyerno? sisihin nio un mga pinklawan na myembro nio from US! kinalat pa omicron dito
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Philippines breaches 3 million COVID-19 casesJUST IN. The Philippines has officially detected over 3 million cases of COVID-19 as of Tuesday, January 11, after recording 28,007 new cases on the same day.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Taguig listed as 6th LGU with highest COVID-19 cases in PHTaguig City ranked sixth among local government units in the country with the highest new COVID-19 cases.
Source: manilabulletin - 🏆 25. / 51 Read more »