Friday 17 August 2018
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4 months ago

Rate concerns pull back PH stocks to 7,600

The local stock barometer pulled back to the 7,600 level on Tuesday on interest rate jitters ahead of the upcoming monetary policy meetings of the Philippine and US central banks. The main-share Philippine Stock Exchange index shed 119.11 points or 1.54 percent to close at 7,600.36 while regional markets were mixed. At the local market, all counters ended in the red, led by the interest rate-sensitive property counter that fell by 2.03 percent. The financial, industrial, holding firm and mining/oil c

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