Ghost month shadows PH stocksLOSSES on the Philippine Stock Exchange continued on Friday, though at a slower pace than the previous day. Analysts said the market is up for a correction, especially with August considered by many investors as a ghost month beginning on Monday. “We are about to start the ghost month. Therefore, the BOJ’s move on stimulus package, really, is not necessarily connected with our own stock market,” Benavidez said. The benchmark Philippine Stock Exchange Index (PSEi) fell 61.87 (0.77 percent) and closed at 7,963.11 while the wider All Shares index dipped by 0.83 percent or 39.86 points to settle at 4,750.81.

Source: Manila Times July 29, 2016 13:30 UTC