PSEi down 1.53% as investors take profits

THE stock market took another dive on Thursday but stopped short of again falling below the 7,000 level, with investors said to have chosen to cash in following the previous day’s rebound.

The benchmark Philippine Stock Exchange index (PSEi) lost 1.53 percent or 109.86 points to end at 7,066.57 while the wider All Shares dropped 1.28 percent or 56.07 points to finish at 4,323.23.