PSEi down on profit-taking, peso strengthens vs. dollar
PNA graphics MANILA - Local shares fell on Thursday as investors engaged in profit taking, expecting a hawkish statement from the United States Federal Reserve System and softer growth of the country's manufacturing sector. The Philippine Stock Exchange index (PSEi) declined by 1.16 percent, or 80.29 points to 6,842.79, with all shares also decreasing by 0.86 percent, or 31.51 points, to 3,643.50. Rizal Commercial Banking Corp. (RCBC) economist Michael Ricafort said the decline in the local bourse is "consistent with the overnight declines in the US stock markets". Ricafort said ...
Source: philippinetimes.com