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Shares drop on profit taking before inflation data

5 May 2025
in Business
Reading Time: 2 mins read
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Shares drop on profit taking before inflation data
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PHILIPPINE STOCKS ended their three-day climb on Monday as investors booked profits before the release of April inflation data.

The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.81% or 52.23 points to close at 6,359.63, while the broader all shares index went down by 0.58% or 21.86 points to 3,719.26.

“Philippine shares succumbed to profit taking, pulling back to the 6,300 level, while investors wait for the latest inflation print,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

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