4 weeks Stocks dwindle in ‘dull’ trading Stocks dwindle in ‘dull’ trading
The local bourse shied away from the 8,000 mark again, but was able to stay afloat the 7,900 level as investors await the results of the Federal Reserve (Fed) meeting. The benchmark Philippine Stock Exchange index (PSEi) dwindled by 0.21 percent or 16.94 points to end at 7,915.29, while the wider All Shares dipped by 0.16 percent or 7.77 points to close at 4,786.43. “Investors remained cautious for another session as the US Federal Reserve began its two-day monetary policy meeting,” Regina Capital Development Corp. head of sales Luis Limlingan said.
Global markets have spent most of this ... more