PH shares retreat below 6,700 before BSP move

Philippine shares dipped below the 6,700-point level on Thursday, before the central bank announced its decision to keep policy rates steady, but managed to cut losses at the close.

The Philippine Stock Exchange index (PSEi) retreated for the fifth straight session and settled at 6,699.39, losing 3.74 points, or 0.06 percent. In contrast, the wider all shares index slightly recovered from Wednesday’s 6.43-point loss, adding 4.93 points, or 0.12 percent to close at 4,028.64.