Geopolitical risks push PSEi downBy THE MANILA TIMEShome/Business/Top Business/Geopolitical risks push PSEi downGEOPOLITICAL concerns sparked selloffs among investors on Friday, dragging the stock market back to the 7,900 level. The benchmark Philippine Stock Exhange index (PSEi) dropped by 0.76 percent or 61.56 points to close at 7,990.20, while the broader All Shares declined by 0.59 percent or 29.21 points to finish at 4,884.91. Brokerage firm Philstocks Financial Inc. echoed the view, saying the PSEi closed without any strong catalyst. Back in Manila, most sectoral results finished lower, except for financials and mining and oil which grew by 0.44 percent and 0.74 percent, respectively. Losers led winners, 112 to 74, while 54 issues remained unchanged.

Source: Manila Times June 14, 2019 16:30 UTC