Friday 22 June 2018
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4 months ago

PSEi slips below 8,500 on foreign selling

The local stock barometer ended the week on a sluggish mood ahead of the Edsa Revolution anniversary, slipping below the 8,500 mark on Friday despite the upswing seen across regional markets. The Philippine Stock Exchange index (PSEi) fell by 48.01 points or 0.56 percent to close at 8,467.56, weighed down by heavy selling by foreign investors. Investors are pricing in risks that something may happen on Feb. 25, the 32nd anniversary of the Edsa Revolution that toppled the Marcos dictatorship, a sen

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