MANILA -Philippine stocks tumbled on Friday as the benchmark index slid just below a key support zone, underscoring continued risk averse sentiments. By the closing bell, the Philippine Stock Exchange index (PSEi) sank 1.32 percent, or 82.06 points, to 6,126.34 while the broader All Shares index shed 0.99 percent, or 33.13 points, to 3,320.18. Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., earlier said the 6,140 level was an important support area for the PSEi. "A break below the 6,140 levels will put the 5,700/6,000 levels within striking distance," Ravelas said on Friday. Trading activity picked up as a total of 1.5 billion shares valued at P9.07 billion cha...
Keep on reading: PSEi in vulnerable spot after slump
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Keep on reading: PSEi in vulnerable spot after slump
from INQUIRER.net https://ift.tt/1LZ6jAs
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