PSEi declines as cautious investors lock in gains

The Philippine Stock Exchange Index (PSEi) declined on Wednesday as cautious investors locked in gains due to uncertain economic prospects.

The PSEi dropped by 8.42 points or 0.12% to close at 6,859.46, while the All Shares index fell slightly by 0.91 points or 0.02% to 4,143.26.

Chris Mangun from AAA Equities noted that optimism is limited and investors are adopting a wait-and-see attitude, expecting sideways movement until the end of the week.