PH stocks’ eight-day streak snapped

The local stock market ended its eight-day winning streak in the first trading session for the week, succumbing to a correction from profit taking.

The Philippine Stock Exchange index (PSEi) sunk on the first trading day of the week, losing 1.77 percent, or 109.89 points to 6,081.61, while the broader all-shares index shed 1.52 percent, or 57.02 points to 3,691.75.