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Rupee pares early losses to close 6 paise up against dollar - The Hindu BusinessLine

Stocks drop on worries over US rates


Published May 24, 2021, 4:38 PM
The local stock market weakened as investors fretted over the possibility of higher US interest rates.
The main index dropped 34.36 points or 0.55 percent to close at 6,164.89 as all indices retreated, led by the interest rate-sensitive Property sector.
Volume was low with 1.09 billion shares worth P4.48 billion changing hands as losers beat gainers 127 to 79 with 40 unchanged.
“Philippine shares kicked off Monday on a weak note on concerns about the Federal Reserve Policy in the face of rising inflation pressures,” said Re Capital Development Corporation Managing Director Luis Limlingan.
He noted that, “Strong economic data has put pressure on growth stocks, which are more likely to be impacted by potential interest hike.” ....

Luis Limlingan , Re Capital Development Corporation , Philstocks Financial Research Associate Claire Alviar , Federal Reserve Policy , Financial Research Associate Claire Alviar , கூட்டாட்சியின் இருப்பு பாலிஸீ ,

Stocks drop on lack of leads, fears of Fed tapering


BusinessWorld
May 24, 2021 | 9:00 pm
COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.
THE MAIN INDEX declined on Monday due to a lack of catalysts and amid inflation concerns in the United States, which raised fears of a sooner-than-expected tapering by the US Federal Reserve.
The Philippine Stock Exchange index (PSEi) declined by 34.36 points or 0.55% to close at 6,164.89 on Monday, while the all shares index went down by 21.46 points or 0.55% to 3,821.27.
“There was no fresh lead in the market and most traders were seen on the sidelines given the weak participation,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message.  ....

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