Market continues retreat ahead of central bank meetings

The PSEi dropped by 76.60 points or 1.25 percent to close at 6,047.97, while the broader All Shares index declined by 34.94 points or 1.06 percent to settle at 3,274.30.MANILA, Philippines — The benchmark Philippine Stock Exchange index plunged for a third consecutive session yesterday as investors stayed on the sidelines ahead of the much-awaited Bangko Sentral ng Pilipinas and US Federal Reserve meetings this week.

“Both central banks are widely expected to hold rates steady during their meetings this week, but growing uncertainty about the path of interest rates over the next several months has soured investor sentiment on local equities,” Colet said. Claire Alviar of Philstocks Financial, meanwhile, said foreign investors continued to exit the market, posting a net selling of P566.33 million.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Philippine stocks buck Wall Street’s declinePhilippine stocks ended the week in the green on bargain-hunting, bucking Wall Street’s sharp decline. The bellwether Philippine Stock Exchange
출처: MlaStandard - 🏆 20. / 55 더 많은 것을 읽으십시오 »

Net Asset Value Per Share (NAVPS) Performance (as of September 21, 2023) • Philippine Investment Funds AssociationA broader look at today\u2019s business
출처: BusinessMirror - 🏆 19. / 59 더 많은 것을 읽으십시오 »