PH stock index slips after 3 days of ascent:
MANILA, Philippines – The local stock index ended a three-day run-up, slipping below the 5,000 mark on Friday, after the US Federal Reserve chairman dashed hopes of more monetary stimuli, negating news about an actual interest rate cut by China.
The main-share Philippine Stock Exchange index lost 28.88 points or 0.57 percent to close at 4,994.07.
For the week, the main index lost 68.37 points or 1.3 percent, reversing the 2.8 percent gain in the previous week when the Philippines benefited from a better-than-anticipated economic growth of 6.4 percent, a positive credit watch by Moody's and President Benigno Aquino III's political victory in the ouster of Supreme Court Justice Ren...
Keep on reading: PH stock index slips after 3 days of ascent
The main-share Philippine Stock Exchange index lost 28.88 points or 0.57 percent to close at 4,994.07.
For the week, the main index lost 68.37 points or 1.3 percent, reversing the 2.8 percent gain in the previous week when the Philippines benefited from a better-than-anticipated economic growth of 6.4 percent, a positive credit watch by Moody's and President Benigno Aquino III's political victory in the ouster of Supreme Court Justice Ren...
Keep on reading: PH stock index slips after 3 days of ascent
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