MANILA, Philippines — Stocks failed to sustain the strong upward momentum in the past two days as investors stayed mostly on the sidelines to wait for more concrete developments on both the economic and health fronts. The benchmark Philippine Stock Exchange index (PSEi) closed 26.83 points or 0.38 percent lower to 6,875.71 while the broader All Shares index finished at 4,154.36, down 5.85 points or 0.14 percent. “Investors will monitor movements near the 7,000 mark, given improved turnover and resumption of net foreign buying. Select non-index stocks may also be highlighted, especially those with good upside plays,” 2TradeAsia head Grace Cendena said. She said immediate support for the PSEi is seen at 6,870, and resistance at 6,950 to 6,970.

Source: Philippine Star June 10, 2021 15:56 UTC