LOCAL stocks continued to fall on Thursday with skittish investors selling shares ahead of the end-of-month closing and MSCI rebalancing that takes effect today, August 30, coupled with negative cues from Wall Street's overnight decline.
LOCAL stocks continued to fall on Thursday with skittish investors selling shares ahead of the end-of-month closing and MSCI rebalancing that takes effect today, August 30, coupled with negative cues from Wall Street's overnight decline.Meanwhile, the peso remained steady at P56.283 to a US dollar.The benchmark Philippine Stock Exchange index slipped 66.46 points, or 0.96 percent, to 6,891.55, while the broader All Shares index lost 0.70 percent, or 26.26 points, to 3,733.29.
'Sentiment also was pulled down across the region, with US stocks dipping Wednesday, led by a decline in Nvidia, as investors awaited its earnings report and the upcoming July personal consumption expenditures price index,' he said.
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