Philippine shares closed the week in the red after climbing for five consecutive days, as the long weekend and Washington’s tax cut plans prompted investors to take profit.

The bellwether PSEi dropped 0.85 percent or 65.44 points to close at 7,661.01. The broader All Shares fell by 0.73 percent or 33.60 points to 4,579.20.

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