SE Asia Stocks-End mixed; Philippines gives way to profit-taking

April 13, 2015 10:18 AM

68 0

SINGAPORE, April 13 (Reuters) - The Philippine main index posted its biggest single-day percentage drop in nearly a month on Monday as investors cashed in on the recent rise, while Indonesian stocks dropped a day ahead of the country's central bank policy review meeting. "The (Philippines) market succumbed to profit-taking following the gains last week.

We are now down close to the 8,000 new support level," said Freya Natividad, an analyst at brokerage firm Papa Securities Inc in Manila. "Also, there are no good leads to buoy the market," Natividad said, adding investors pocketed gains following the World Bank's trimming of its Philippine growth fo...

Read more

To category page