Reuters reported the number of weekly jobless claims in the United States fell by 18,000 to a seasonally adjusted 222,000 for the week ended December 21, which means that Americans filing for unemployment benefits declined. Limlingan, the main index’s performance for the last trading day of 2019 was driven by window dressing, “investors wanting to remain on the sideline while market is closed for 5 days, and flows into the other regional markets.” At the same time, we were still able to close 2019 with gains with the market up by 4.68% year-to-date,” he added.įor Regina Capital Development Corp. “The good thing here is that the market was able to hold its ground above the 7,700 - 7,800 support range. Value turnover was at P6.6 billion with 565.493 million issues, higher than the previous session’s 911.474 million issues valued at P3.602 billion. Tantiango noted net outflows on Friday stood at P817 million, a reversal from the previous session’s net inflows at P143.38 million. Tantiango, research associate at Philstocks Financial Inc., said in a text message. “Last-minute profit-taking ahead of the holiday brought our local market down by 0.34% to 7,815.26,” Japhet Louis O. The broader all-share index gained 6.47 points or 0.14% to end 4,649.67. The 30-member Philippine Stock Exchange index (PSEi) slipped 27.02 points or 0.35% to close at 7,815.26 on Friday. LOCAL shares continued its sluggish performance on the last trading day of 2019, on as investors took profits ahead of the long holiday.

2019 index returns