Sluggish trading dampens Phl stocks

e local bourse tumbled yesterday due to lac luster trading.

e ilippine toc xc ange index eased . percent or . points to end at , . , w ile t e broader all s ares index slig tly ell . percent or . points to , . .

rades or t e s ortened Lenten wee ic ed o sluggis ly wit t e index mo ing wit in a tig t band, tipping t e , mar be ore re treating on lig t alue turno er,” said ustino alaycay r., an analyst at ccord apital qui ties orp.

e ert eless, t e measure continues to old abo e t e top end o t e immediate support band at between , and , ,” alaycay said.

inancial mar ets are closed on ursday and riday or t e Lenten season brea , prompting in estors and und managers to stay away rom stoc s.

erseas mar ets were also in t e red. apan s i ei lost . percent or . points to , . .

n riday, all treet declined on con cerns s are prices a e o erstated corporate profits as first quarter results begin to roll in,” alaycay said. e ow ones industrial a er age slipped . percent or . points to , . w ile t e broader tandard oor s index ell . percent or . points to , . .

Locally, counters were mixed. Industrial firms led t e laggards as it s ed . percent or . points to , . w ile mining and oil gained . percent or . points to , . .