Manila Bulletin·3 min read
PSEi slides to 5,800 support level amid growth, fuel price fears
J
James A. Loyola
Manila Bulletin - PSEi slides to 5,800 support level amid growth, fuel price fears
PSEi slides to 5,800 support level amid growth, fuel price fears
Local stocks dropped for a third consecutive trading session as investors grew increasingly concerned about slowing economic growth and unloaded shares to raise capital for an upcoming blockbuster initial public offering. The Philippine Stock Exchange index (PSEi) fell 29.23 points, or 0.5 percent, to close at 5,814.56 on Tuesday, Sept. 23. Conglomerates led the decline, offsetting gains in service sector shares.
✦
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in