US EditionPHL Shares Retreat, Weighed by Economic Concerns - BusinessWorld Online
The Philippine Stock Exchange Index fell 0.28% to 5,959.94 as the peso hit a record low of 59.22 against the dollar, driven by weak economic data and rate cut anticipation.
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2 Articles
PHL shares retreat, weighed by economic concerns - BusinessWorld Online
PHILIPPINE SHARES retreated on Wednesday as sentiment turned cautious in anticipation of the policy decisions of the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) and lingering concerns over the domestic economy. The Philippine Stock Exchange index (PSEi) went down by 0.27% or 16.70 points to end at 5,959.94, while broader all shares index decreased by 0.1% or 3.51 points to 3,462.70. “Philippine stocks drifted lower as investors …
Stocks weighed down by peso depreciation, economic woes
MANILA, Philippines — Several negative developments, including tough economic forecasts, a rise in jobless rate and a weaker peso, led to a decline in the capital index on Wednesday. By the end of the trading session, the Philippine Stock Exchange Index (PSEi) fell by 0.28 percent, or 16.70 points, to finish at 5,959.94. The broader All Shares Index also ended in the red, although just a dip by 0.1 percent, or 3.51 points, to 3,462.70. READ: Sto…
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