Sunday 20 May 2018
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3 months ago

Weak stock trading seen this week as fears linger

Local stocks are seen to continue trading with weak sentiment this week as concerns about a faster pace of US interest rate increases keep most investors risk-averse. Last week, the Philippine Stock Exchange index (PSEi) lost a total of 307.06 points or 3.5 percent to close on Friday at 8,503.69, ending its worst week so far this year. Last week s decline wiped out all gains made earlier this year. BDO Unibank chief strategist Jonathan Ravelas said last week s decline suggested that the market would

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PSEi back to 7,800

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