PH Stocks Fall Further

Local stocks further fell, closing 0.81 percent or 33.03 points down to 4,039.56 on January 19, on concerns of possible higher inflation, prompted by transportation and food price hikes, according to ING Investment Management. Trading volume slimmed to 1.85 billion shares worth PhP5.52 billion.

ING added that bears outnumbered bulls 94 to 54, while 37 shares were flat.