The Daily Tribune
PSEi edges lower on tepid trades, cautious investor mood
The Philippine Stock Exchange index (PSEi) closed nearly flat, inching down by 0.08 percent to settle at 6,384.62, amid cautious trading and lingering global uncertainties.
Trading remained muted with a net value turnover of P4.33 billion, below the year-to-date average of P5.52 billion.
Foreign investors were net sellers, recording net outflows of P55.76 million.
Sectoral performance was mixed, with the services sector gaining 0.33 percent while the mining and oil sector declined the most.
Bloomberry Resorts Corporation surged 13.86 percent, while Puregold Price Club, Inc. dropped 3.38 percent.
The Philippine peso strengthened slightly against the US dollar, closing at 55.56 from an opening of 55.35.
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