GMA News
PSEi ends flat at 0.009%
The Philippine Stock Exchange index (PSEi) closed flat, gaining 0.69 points to settle at 7,507.
This flat performance was influenced by the Bangko Sentral ng Pilipinas' (BSP) decision to cut interest rates by 25 basis points.
Market sentiment was also affected by updates on the novel coronavirus and China's announcement of tariff reductions on US goods.
Regina Capital Development head of sales Luis Limlingan cited these factors for the market's flat close.
Foreign funds showed a net buying position of P288.473 million, with P2.571 billion in buys and P2.283 billion in sells.
A total of P5.327 billion in shares changed hands, with decliners outnumbering advancers 105 to 71.
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