PHILIPPINE equities tracked declines in US markets over the weekend, fed by negative sentiment on concerns that the Federal Reserve may raise interest rates any time this month and the downward revision in China’s gross domestic product (GDP) results.

After losing 1.26 percent by the noon recess, the PSEi resumed to widen its losses and slumped by 1.77 percent or 124.96 points at 6,926.82 at the closing bell, while the broader All Shares fell by 1.46 percent or 58.59 points to 3,965.01.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details