The Daily Tribune
PSEi Stays Flat as Investors Await Earnings
The Philippine Stock Exchange Index (PSEi) remained largely flat on Friday, failing to climb to the 6,100 level as investors adopted a cautious stance ahead of the anticipated earnings season.
The PSEi closed with a minimal loss of 4.14 points, settling at 6,089.53.
This slight dip occurred as investors stayed on the sidelines, waiting for more leads from upcoming earnings reports of blue chips.
The broader All Shares Index also lost 7.12 points to close at 3,665.08.
Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., stated that the market was relatively flat due to mixed sentiments.
So far, only Bank of the Philippine Islands (BPI) has disclosed its earnings for the January to September period, netting a record P50.5 billion.
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