Market Update - April 12

For the second day of the week, red was prevalent in the market.

The Philippine Stock Exchange Index was red once more and dipped 28 points or a little more than half a percent to reach 4199 points.

The broader all shares also went down by 23 points or three-quarters of a percent.

All the sectors were red as well with the Industrial sector topping the list at 79 points down or more than a percent.

The decliners outpaced the advancers 95 to 28.

More than 800 million shares exchanged hands today amounting to P4.3 billion.

As for the foreign exchange, the Philippine Peso reached 43.06 to a US Dollar; Japanese Yen: P0.50; UK Pound: PhP70.38; HK Dollar: PhP5.54; Bahrain Dinar: PhP114.26; Saudi Rial: PhP11.48; Euro: PhP62.13. — DBL