Inquirer
PSEi dives to 7-month low
The Philippine Stock Exchange index (PSEi) closed 1.03 percent lower at 6,265.52 points, its lowest closing value since June 2024.
The market had seen gains earlier in the day, influenced by positive Wall Street sentiment and news of a ceasefire deal in the Middle East, along with cooling inflation in the US.
Investor caution led to late profit-taking, causing the index to fall below the 6,300 level.
All sectors except Mining and Oil ended in negative territory, with the Financials sector experiencing the largest drop.
Net foreign selling of PHP1.1 billion contributed to the downturn.
Total turnover value reached PHP6.19 billion.
The peso remained almost unchanged against the US dollar, closing at 58.61.
Advancers slightly outnumbered decliners, with 104 stocks rising compared to 96 falling, and 40 remaining unchanged.
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News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Philippine shares plunged to their lowest in nearly seven months on Monday, January 13, 2025, with the PSEi closing at 6,343.10 points.
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The Philippine Stock Exchange Index (PSEi) increased on Thursday as bargain hunters continued to seek undervalued stocks.
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Philippine shares dropped below the 6,400 mark on Monday, with the Philippine Stock Exchange index (PSEi) falling by 2.36 percent or 153.22 points to 6,343.10.
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Philippine shares closed slightly lower on Friday, January 10, 2025, with the PSEi declining by 0.23 percent to 6,496.32.
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The Philippine stock market rebounded past the 6,300 level, driven by bargain-hunting opportunities.
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