MANILA -- Weak jobs data in the US along with additional factors to the Eurozone debt crisis like the situation of Spain’s banking system continue to hurt local stocks.

The main Philippine Stock Exchange index went down by 172.24 points or 3.40 percent to 4,890.20 points over the previous trading day’s 5,062.44 points.

Also, the broader all shares index declined to 3,279.09 points, a drop of 86.72 points or 2.58 percent from last Friday’s 3,365.81 points.

All the sectoral indices also ended the day on the red.

Value turn-over totaled to P6.39 billion after 1.48 billion shares changed hands.

Losers edged gainers at 146 to 28 while 34 were unchanged.

Relatively, the developments overseas weakened the peso reversing gains earlier in the day.

The local unit opened at P43.55, better than last Friday’s P43.72.

Its opening level is the local unit’s weakest for the day after it rose to P43.43 resulting to an average of P43.47 against the dollar.

Volume of trade amounted to US$ 655 million, lower than the US$ 1.2 billion last Friday.*PNA

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