PSEi slips 0.17% for fourth straight day

The Philippine Stock Exchange index closed with a slight decline for the fourth consecutive day, ending at 6,454.84 on Monday.

The benchmark PSEi slipped by 0.17 percent or 10.69 points to close at 6,454.84, while the All Shares index dipped by 0.10 percent to end at 3,765.66.

China Bank Capital Corp. managing director Juan Paolo Colet attributed the market's downturn to Moody's Ratings downgrading the sovereign credit rating of the US and the potential impact on Treasury yields.

Total value turnover for the week was P5.8 billion, with foreigners being net sellers at an unspecified amount.

Mining and oil sector led gains with a 1.15-percent increase, while property index saw the biggest drop of 1.70 percent.

ICTSI was the most actively traded company, rising by 1.46 percent to P416 per share.

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.

Topics in this story

Explore more stories about these topics