Cautious investors spoiled a seven-day winning streak for the benchmark Philippine Stock Exchange Index (PSEi) as they pocketed profits ahead of an expected key interest rate hike by the Bangko Sentral ng Pilipinas (BSP). The PSEi slipped 0.46 percent, or 31.65, to close on Wednesday at 6,818.99 while the broader All Shares Index dipped 0.14 percent, or 5.2 points, to 3,619.88. A total of 1.17 billion shares valued at P8.04 billion changed hands while foreigners were net buyers to the tune of P857.1 million, data from the stock exchange showed. BSP Governor Felipe Medalla said on Wednesday the latest inflation print of 6.4 percent in July had raised the possibly of a 50-basis po...
Keep on reading: Investors turn cautious ahead of BSP policy meeting
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Keep on reading: Investors turn cautious ahead of BSP policy meeting
from INQUIRER.net https://ift.tt/EnqV6Gv
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