PSE index slips along with regionals

The local stock barometer slipped on Thursday, tracking mostly sluggish regional markets. The main-share Philippine Stock Exchange index (PSEi) declined by 11.04 points or 0.14 percent to close at 7,804.03. Most regional bourses slipped after the latest US Federal Reserve minutes showed that the rate cut that markets were expecting by the end of the year may not necessarily materialize. The PSEi was weighed down by the financial, industrial, holding firm and services counters. On the other hand, mining/oil and property counter firmed up. Value turnover for the day stood at P7.2 billion. Net foreign selling eased to P177.41 million for the day. There were 110 decliners that...Keep on reading: PSE index slips along with regionals

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