PSEi flat, discounts BSP rate hike pausehome/Business/Top Business/PSEi flat, discounts BSP rate hike pauseTHE stock market ended flat on Friday with investors said to have discounted a Monetary Board decision to hold off from another policy rate hike. The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.02 percent or 1.45 points to finish at 7,524.37 while the wider All Shares dipped 0.02 percent or 0.83 points to end at 4,506.50. “We continue to monitor … a good indicator of investor sentiment,” Lu said. Sectoral results were mixed on Friday, with the industrial and services indices the only gainers. Advancers beat decliners, 100 to 79, while 42 issues were unchanged.

Source: Manila Times December 14, 2018 17:37 UTC