THE MAIN INDEX ended lower for the seventh straight session on Thursday after a global think tank said the Philippine economy is expected to grow slower than the government’s targets from 2024 to 2028.
The Philippine Stock Exchange index (PSEi) fell by 0.33% or 21.47 points to end at 6,344.56 on Thursday, while the broader all shares index rose by 0.05% or 1.85 points to close at 3,440.31.
“Economist Impact Asia Pacific’s projection that the Philippine economy will grow below the government’s target until 2028 weighed on sentiment,” Philstocks Financial, Inc. Research Analyst Claire T. Alviar said in a Viber message.
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