Stocks index slips ahead of Fed meeting; peso ends sideways
MANILA - The Philippine Stock Exchange index (PSEi) ended the week's first trading day in the negative territory ahead of the Federal Reserve meeting while the peso kept its footing against the US dollar. The main stocks index shed 0.56 percent, or 40.88 points, to 7,252.64 points. All Shares went down by 0.57 percent, or 21.89 points, to 3,847.51 points. All the sectoral indexes also contracted during the day, led by the Financials after it slipped by 1.27 percent. It was trailed by the Mining and Oil which declined by 1.22 percent; Holding Firms, 0.68 percent; Services, 0.57 percent; Ind...
Source: philippinetimes.com