PSEi slips as investors weigh possible end of interest rate hikes

The benchmark Philippine Stock Exchange Index tilted lower after Finance Secretary Benjamin Diokno said the Bangko Sentral ng Pilipinas could pause its aggressive monetary tightening during its next policy meeting in May. | miguelrcamusINQ /PDI

Investors were mostly on the sidelines on Monday as 390.14 million shares valued at P3.63 billion changed hands. Foreigners were net sellers amounting to P11.92 million, stock exchange data showed.

PSE subsectors mining and oil led gainers, climbing 0.35 percent, followed by holding firms , industrial and property counters. Services and financial subindices slid by 1.02 percent and 0.15 percent, respectively.It was followed by International Container Terminal Services Inc., down 1.5 percent to P210; SM Prime Holdings Inc., down 0.15 percent to P33.95; SM Investments Corp., up 1.44 percent to P918; and PLDT Inc., down 1.41 percent to P1,331 per share.

BDO Unibank Inc. dipped 0.39 percent to P126.50; ACEN Corp., up 0.78 percent to P6.47; Globe Telecom, down 1.57 percent to P1,821; Ayala Corp., down 0.15 percent to P665; and Universal Robina Corp., down 0.14 percent to P146.60 per share.Your subscription could not be saved. Please try again.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

inquirerdotnet /  🏆 3. in PH

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors await signs of PSEi trend reversalInvestors will be looking for reversal signs after the benchmark Philippine Stock Exchange index snapped a multiweek downtrend after the Bangko Sentral ng Pilipinas delivered an expected 25 basis point interest rate increase. | miguelrcamusINQ /PDI
Read more »

Philippine minister says pause in rate rises likely at next bank meetingPhilippines Finance Secretary Benjamin Diokno said on Sunday he believed that the central bank was leaning toward a pause in interest rate rises at its next monetary policy meeting scheduled for May. | Reuters
Read more »

Cassy Legaspi, Mimiyuuh and more attend 1st day of Blackpink concert in Philippine ArenaBLACKPINK concluded the first day of their concert in the Philippines and it was spectacular!
Read more »

Subscribe now | The Philippine StarToday's front page, Monday, March 27, 2023 Subscribe to the paper: Read today's issue: Download our mobile app: Apple Store: Google Play:
Read more »

The Philippine Government Will Digitalize With BSV BlockchainStefan Matthews, the co-founder and executive chairman of nChain Group, said BSV blockchain would facilitate the digitalization of the Philippine government. He had an interview with the
Read more »

[ANALYSIS] Leveraging transparency against the West Philippine Sea bully'The Philippines has unveiled a steely new tactic in the information war over the West Philippine Sea, but China will continue probing for new signs of mush.' ThoughtLeaders Analysis
Read more »