PSEi retreats as focus shifts to US’ favorite inflation measure

MANILA -The Philippine Stock Exchange index (PSEi) closed lower during the last trading day of November but held steady above the 6,200 level as investors waited for fresh economic leads overseas. The PSEi sank 0.66 percent, or 41.41 points, to 6,223.73 while the broader All Shares index shed 0.35 percent, or 11.85 points, to 3,327.83. Trading activity saw an upward spike as funds realigned their portfolios taking into account the latest MCSI rebalancing, said Luis Gerardo Limlingan, head of sales at stock brokerage house Regina Capital Development. A total of 396.25 million shares valued at P7.9 billion changed hands while net foreign selling reached P320.3 million, data from t...Keep on reading: PSEi retreats as focus shifts to US’ favorite inflation measure

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