Philippine stocks in the red after holiday break

Philippine stocks fell Wednesday after the two-day holiday break amid lack of catalysts.

The 30-company Philippine Stock Exchange index lost 38.20 points, or 0.59 percent, to close at 6,462.80, while the broader all-shares index declined by 11.41 points, or 0.33 percent, to settle at 3,415.89.

“The Philippine shares got off to a slow start as the last week of trading started in a rather quiet session,” Regina Capital Development Corp. head of sales Luis Limlingan said.

The only key economic figures slated for release before the end of the year are the data on balance of payment and trade manufacturing report.

Total value turnover was thin at P3.42 billion.