PSEi dips on negative overseas sentiment; peso nearly unchanged
MANILA - The main stock gauge returned to the negative territory on Wednesday after a recovery in the previous session on volatile trading overseas, while the peso managed to close the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 1.12 percent, or 82.42 points, to 7,261.54 points. All Shares followed with a drop of 0.70 percent, or 27.15 points, to 3,855.25 points. The majority of the sectoral indexes tracked the main index, with Property declining by 1.76 percent; Financials, 1.38 percent; Services, 1.15 percent; and Holding Firms, 1.03 percent. On the ot...