Dow Jones Industrial Average(DJIA)Summary
Index Value: 12,831.94
Trade Time: April 29
Change: Down 39.81 (-0.31%)
Prev Close: 12,871.75
Open: 12,870.37
Day's Range: 12804.66 - 12889.83
The DJIA traded in a narrow range with a downward bias ahead of the US Federal Reserve Board meeting. It is widely expected that the Fed would cut its rates by 25 basis points and bring US interest rates down further to 2.00%.
Upon the opening bell; the local equities market tried to continue its advance with the residual momentum from yesterday's rally. But again, the rise was cut short by immediate profit taking as investors opted to stay liquid ahead of tomorrow's holiday (May 1 - Labor Day). By the last half hour of trading; the Philippine Stock Exchange Index (PSEi) was even in negative territory already.
The Philippine Stock Market will resume trading on Friday, May 2.
PSEi previous close - 2754.29
open - 2769.63
high - 2783.29 (+28.91)
low - 2745.54 (-8.75)
close - 2749.77 (-4.52 or -0.16%)
Advancers 46
Decliners 53
Value turnover: phP 2.745 bn
Cross transactions: PhP 1.122 bn
The Philippine Peso was at PhP 42.203 vs US$ 1.00 at mid-day.
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