Inquirer
PSEi retreats to 6,700 as investors take cover from risks
The Philippine Stock Exchange index (PSEi) declined for the third straight session, closing at 6,927.75 on Thursday.
Foreign investors pared down holdings ahead of the MSCI rebalancing, contributing to the decline.
The PSEi fell further to close at 6,791.46 on Friday, below the 6,800 mark.
Volume surged to 4.52 billion shares worth P27.65 billion due to hefty trades in SM Investments and BPI.
Local shares fell as the U.S. stock market was closed Thursday due to Thanksgiving, leading to profit taking.
The PSEi may find support at the 6,700 level after facing resistance at the 7,270 level.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
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.
The Philippine Stock Exchange index (PSEi) fell below the 6,800 mark on Friday, November 27, 2020, marking the fourth consecutive day of decline.
Read more →
The Philippine Stock Exchange index (PSEi) declined by 1.05%, closing at 6,927.75 points on Thursday, influenced by the US Thanksgiving holiday.
Read more →
The Philippine Stock Exchange Index (PSEi) continued its decline, falling below the 7,000 level to close at 6,927.75 points, a drop of 1.05 percent, as foreign investors turned net sellers.
Read more →
Philippine share prices declined for the third consecutive session on Thursday as investors continued to cash in on gains from previous sessions.
Read more →
The Philippine Stock Exchange index (PSEi) declined on Friday due to investor reactions to higher-than-expected inflation data for November.
Read more →