PSEi slips as BSP switches to hawkish mode

MANILA, Philippines — Local stocks extended losses on Thursday as the prolonged Middle East war and the local central bank’s interest rate hike gnawed on investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) dipped 0.1 percent or 5.75 points, to close at 5,983.81, slipping below the 6,000 level. READ: Asian stocks sink, oil rises as US-Iran no closer to peace talks Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said the Philippine market ended slightly lower as the central bank’s rate hike kept risk appetite for equities subdued. “Sentiment was further dampened by the (Bangko […]... Keep on reading: PSEi slips as BSP switches to hawkish mode

Go to News Site