PSEi lower following Wall Street losses

PHILIPPINE shares were lower at midday with sentiment dampened by the declines on Wall Street following the release of US February inflation data and losses in technology stocks.

The bellwether Philippine Stock Exchange index (PSEi) fell 116.99 points or 1.39 percent to end at 8,302.58 at the noon break. The broader All Shares dropped 53.06 points or 1.05 percent or to 5,014.10.