Stocks down on profit-taking; peso finishes sideways
MANILA - The Philippine Stock Exchange index (PSEi) ended Thursday in the negative territory due to profit-taking but the peso ended the day sideways against the US dollar. The local stock barometer slipped by 0.67 percent, or 49.83 points, to 7,369.27 points. All Shares declined by 0.57 percent, or 22.27 points, to 3,913.27 points. Most of the sectoral indexes also finished the day down and these include the Holding Firms, 1.12 percent; Financials, 0.75 percent; Services, 0.48 percent; and Property, 0.39 percent. On the other hand, Mining and Oil index rose by 0.60 percent and Industrial by 0...