The benchmark Philippine Stock Exchange index (PSEi) fell by 0.29 percent or 22.30 points to close at 7, 555.27 while the wider all shares also dipped by 8.84 points or 0.19 percent to finish at 4, 620.49. “Investors probably decided to lighten ahead of tomorrow’s (Thursday) GDP release and the BSP’s (Bangko Sentral ng Pilipinas) policy decision,” China Bank Securities Corp. research director Garie Ouano said. IB Gimenez Securities research head Joylin Telagen said investors were cautious as shown by the “thin” trading results. “I don’t expect much movement until the important data are released tomorrow, the [first quarter]GDP and BSP meeting,” she said. Sectoral results were mixed with industrials, mining and oil, and property the only gainers.

Source: Manila Times May 09, 2018 16:30 UTC