PSEi drops on profit taking as Fed rate cut looms

PHILIPPINE STOCKS closed lower Wednesday due to last-minute profit taking as the market awaited the US Federal Reserve’s policy decision. The benchmark Philippine Stock Exchange index (PSEi) slipped by 0.27% or 19.46 points to end at 7,155.90 on Wednesday, while the broader all shares index declined by 0.05% or 2.21 points to close at 3,847.96. […]

PSEi drops on profit taking as Fed rate cut looms
PHILIPPINE STOCKS closed lower Wednesday due to last-minute profit taking as the market awaited the US Federal Reserve’s policy decision. The benchmark Philippine Stock Exchange index (PSEi) slipped by 0.27% or 19.46 points to end at 7,155.90 on Wednesday, while the broader all shares index declined by 0.05% or 2.21 points to close at 3,847.96. […]