Stocks close 0.70 pct lower today

MANILA, Philippines (Xinhua) - Philippine shares closed 0.70 percent lower today.

The benchmark Philippine Stock Exchange index declined by 49.81 points to 7,050.89. The all-share index also went down by 35.65 points, or 0.85 percent, to 4,170.01.

Trading volume reached 1.91 billion shares worth P32.55 billion ($745.83 million).  

There were 67 gainers, 111 losers while 44 stocks closed flat.