LOCAL shares dipped on Monday as investors remained cautious over upcoming monetary policy meetings. The benchmark Philippine Stock Exchange index (PSEi) lost 2.61 points or 0.03 percent to close at 8,238.54 while the wider All Shares dropped 0.68 percent or 33.70 points to finish at 4,948.80. Eagle Equities, Inc. research head Chris Mangun, meanwhile, said the market rebounded from a much steeper fall earlier in the day. The PSEi, which rose to as high as 8,240.13 in early trade, hit an intraday low of 8,169 just before the noon break. Sectoral results were mixed with holding firms and financials the only gainers, up 0.06 percent and 0.50 percent, respectively.

Source: Manila Times March 19, 2018 16:30 UTC