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Stocks weaken amid uncertainties

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The PSEi started the month lower after cautious investors quickly sold down stocks after early gains.

The main index shed 10.17 points or 0.15 percent to close at 6,721.08 points as Banks led the decline while the Industrial sector was the only one that managed to advance. Volume fell to 795 million shares worth P3.61 billion as losers beat gainers 99 to 60 with 67 unchanged.

Aside from this, investors are keeping an eye on April’s jobs report due Friday and a flurry of earnings reports in the US and Philippines throughout the week.

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