THE PHILIPPINE Stock Exchange index (PSEi) closed lower for a sixth consecutive day on Wednesday amid increased selling pressure from foreign investors.
The benchmark index slipped by 0.04% or 2.77 points to end at 6,366.03, while the broader all shares index dropped by 0.06% or 2.08 points to close at 3,438.46.
“The local bourse traded mostly in the green. However, due to a lack of fresh catalysts, the market dropped at the last minute,” Philstocks Financial, Inc. Research Analyst Claire T. Alviar said in a Viber message.
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