Interest rate cut failed to boost PSEi

MANILA, Philippines — The latest interest rate cut of the Bangko Sentral ng Pilipinas (BSP) failed to boost the mood of investors on Friday.The Philippine Stock Exchange Index (PSEi) retreated deeper into the 6,100 territory without stronger catalysts. By the end of the session, the benchmark PSEi had lost 0.56 percent or 34.62 points to close at 6,155.57. Likewise, the broader All Shares Index shed 0.44 percent or 16.19 points to end at 3,686.88. A total of 1.63 billion shares worth P6.8 billion changed hands, stock exchange data showed. READ: Asian stocks mixed after Wall Street hits new highs Luis […]... Keep on reading: Interest rate cut failed to boost PSEi