Share prices retreated below record levels on profit-taking on Wednesday, with buying interest dampened by weak economic data from China and the US and fears the market may have been overbought.
The Philippine Stock Exchange index (PSEi) index dropped to a low of 7,800 points, before bouncing slightly to close at 7,906.46, trimming its losses to 1.86 percent or 150.03 points. The wider All Shares index declined 1.85 percent or 85.03 points to 4,520.89.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
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
If you have an active account, log in
here
.