Investors secure profits, ending PSEi’s new year rally

The benchmark Philippine Stock Exchange index (PSEi) ended a three-day winning streak as investors pocketed profits ahead of the weekend. By the closing bell, the PSEi sank 1.38 percent, or 93.36 points, to 6,667.97 while the broader All Shares index shed 1.05 percent, or 37.38 points, to 3,513.07. Trading volume was lower from the previous session as 7.15 billion shares valued at P5.46 billion changed hands. Foreigners remained net buyers of an amount totaling P180.1 million. "Philippine shares finally had the first profit taking session of the year on the back of strong US jobs data reported last night, fueling speculation of further rate hikes ahead," Luis Gerardo Limlingan, ...

Keep on reading: Investors secure profits, ending PSEi’s new year rally

from INQUIRER.net https://ift.tt/K5nTpEQ