Philstar
PSEi slips as market looks for new leads
The Philippine stock market concluded the week with a slight decline, with the PSEi closing down by 0.09 percent at 6,084.07 points.
Market analysts attributed the sideways movement to investor caution ahead of the earnings season and awaiting more corporate reports.
Uncertainty from the US eased after President Donald Trump signaled a possible tariff cut, leading to some buying pressure.
The Bangko Sentral ng Pilipinas reported a smaller balance of payment surplus in September, contributing to the PSEi's marginal correction.
Trading volume remained anemic, with mining and oil stocks experiencing the most substantial losses, while property and industrial sectors saw gains.
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