4 months PSEi slips; wait-and-see mode continues  Manilatimes |Biz
THE stock market fell on Tuesday as investors continued to be on a wait-and-see mode ahead of the Federal Reserve’s monetary policy meeting and more corporate earnings outcome. The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.47 percent or 38.06 points to close at 8,150.46, while the wider All Shares declined by 0.54 percent or 29.96 points to finish at 4,936.08. Brokerage firm Philstocks Financial Inc. said market players were trading in anticipation of the Fed’s two-day meeting on Wednesday and Thursday (Thursday and Friday in Manila), where a 25-basis point rate cut is to be expected.
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