Market slips ahead of US Fed meeting

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve.

The Philippine Stock Exchange index slipped by 0.07 percent or 4.86 percent to close at 6,848.43, while the broader All Shares index declined by 0.12 percent or 4.41 points to settle at 3,566.48.MANILA, Philippines —

Philstocks Financial research and engagement officer Mikhail Plopenio said last-minute profit taking resulted in the market’s negative finish yesterday. Those in the red dominated the local counters with the mining and oil as well as holding firms retreating by more than one percent each.Market breadth was negative as decliners whipped advancers, 114 to 84, while 48 issues were unchanged.

Despite threats of El Niño, the country’s palay output in the first quarter likely inched up year-on-year to...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PH stocks fall as investors await Fed policy meetingDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »