Index retracts on last-minute profit taking - News Summed Up

Index retracts on last-minute profit taking


MANILA, Philippines — Last-minute profit taking yesterday pulled down the market ahead of the Independence Day holiday today, traders said. Thus, the benchmark Philippine Stock Exchange index (PSEi) lost 14.41 points or 0.17 percent to end at 8,030.98. Likewise, the broader All Shares index went down 4.63 points or 0.09 percent to close at 4,907.68. The selling at the end, he added, may have been due some anticipation ahead of the holiday break. Philstocks Financials said for most of the day, the market traded upwards as it took the cue from Wall Street’s rally Tuesday night.


Source: Philippine Star June 11, 2019 16:00 UTC



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