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.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
