Tepid trading stops PSEi from breaching 6,600 mark

Last-minute bargain hunting lifted the Philippine Stock Exchange index (PSEi), but it failed to return above the 6,600 level on Thursday as potential interest rate hikes dampened market sentiment. The benchmark PSEi was up 0.07 percent, or 4.63 points, to end at 6,588.28 while the wider All-Shares index slid 0.08 percent, or 2.68 points, to sit at 3,498.04 by the closing bell. "Philippine shares started September with a lukewarm response as investors weighed on the possible consequences of the [Federal Reserve's] stern fight against inflation," Regina Capital Development Corp. head of sales Luis Limlingan said. "[Market] participation was weak with net market value turnover, reg...

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