The Philippine Stock Exchange index (PSEi) ended slightly negative as investors continue their wait-and-see stance as several economic data are die for release later this week.
The main index shed 5.32 points or 0.08 percent to close at 6,384.62 with sectoral indices equally divided. Volume declined further to 639 million shares worth P5.13 billion as losers outnumbered gainers 108 to 90 with 56 unchanged.
“The PSEi stayed below the 6,400 mark amid cautious trading and a lack of fresh catalysts, with most sectors slipping and thin volumes reflecting investor indecision,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
He noted that, “Market participants are awaiting clearer cues from upcoming global data and central bank commentary.”
Philstocks Financial Research Manager Japhet Tantiangco said “The local market’s sideways movement closed in the negative territory as investors kept a cautious stance amid the lack of fresh leads. Uncertainties on global trade also weighed on market sentiment.”
