PH stocks in the red amid profit taking

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Sumary of PH stocks in the red amid profit taking:

  • The benchmark Philippine Stock Exchange index (PSEi) dipped by 0.39 percent or 26.83 points to 6,875.71, while the wider All Shares shed 0.14 percent or 5.85 points to close at 4,154.36..
  • Managing Director Luis Limlingan attributed the decline of the local bourse to the upcoming release of inflation data abroad..
  • “Philippine shares experienced modest declines as investors anticipate the upcoming release of the US inflation data coming out tonight,”…

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