2 weeks Stocks end lower as investors remain cautious Manilatimes |Biz
The local bourse declined on Tuesday as investors remained cautious and recent news abroad were not encouraging. The bellwether Philippine Stock Exchange index (PSEi) shed 0.23 percent or 13.82 points to close at 5,923.23, while the broader All Shares slipped 0.08 percent or 2.68 points to end at 3,569.14. AAA Equities head of research Christopher Mangun said the market saw a slump as sentiment towards blue chips remained cautious. He added investors are looking closely at the local economy’s recovery, while signs of a plateau are becoming more evident, which is mainly caused by mobility restrictions and the lack ... more