News Formal

Philippine Stocks Drop on Heavy Foreign Selling Ahead of Central Bank Meetings

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 27 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 55%

Business ニュース

Philippine Stock Market,Foreign Selling,Central Bank Meetings

The Philippine stock market continued its downward trend, influenced by regional declines and heavy foreign selling, particularly before the US Federal Reserve's policy meeting. The Philippine Stock Exchange index fell 0.50 percent, while the peso weakened against the US dollar. Analysts attributed the decline to foreign investors re-allocating funds and anticipating potential policy rate cuts by the Bangko Sentral ng Pilipinas.

The Philippine stock market continued its downward streak, following regional decline, on heavy foreign selling ahead of the central banks’ policy meetings.

Value turnover reached P4.35 billion, below the year-to-date average of P5.17 billion. There were 83 advancers and 104 decliners, while 61 names were unchanged. There were few catalysts to drive region-wide activity before the US central bank’s interest rate decision, with Wall Street providing a negative lead as profit-takers moved in while economic data was mixed.

“We are experiencing a whirlwind of change and uncertainty that profoundly affects global economies,” said Stephen Innes of SPI Asset Management.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 20. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Bargain-hunting likely to lift PH stocks this weekPhilippine stocks are expected to rebound this week after the last week’s decline as investors await the latest inflation report. The Philippine
ソース: MlaStandard - 🏆 20. / 55 続きを読む »

PH stocks edge lower on higher US inflation dataPhilippine stocks ended lower Thursday, mirroring the mixed results of other markets as investors digest the latest US inflation report. The Philippine
ソース: MlaStandard - 🏆 20. / 55 続きを読む »

PH stocks plummet,peso rises to 58.71/dollarPhilippine stocks fell by more than 100 points Wednesday, while the peso bounced back after hitting the record low on Tuesday. The bellwether Philippine
ソース: MlaStandard - 🏆 20. / 55 続きを読む »