Last-minute profit-taking drags PSEiTHE stock market dropped at the last minute on Tuesday as investors sold off positions ahead of a holiday. In a separate comment, brokerage firm Philstocks Financial Inc. said last-minute profit-taking from investors dragged the index. The market traded in contrast to its US counterpart, with the Dow Jones growing 0.30 percent, the S&P500 increasing 0.47 percent, and the Nasdaq rising 1.05 percent. In Manila, sectoral results were mixed, with the industrial and services sectors the only gainers by 0.94 percent and 0.72 percent. More than 650 million issues were traded valued at P7.8 billion.

Source: Manila Times June 11, 2019 16:20 UTC