Latest Breaking News On - Manila risk off sentiments on news saying the federal reserve will takea more aggressive tightening took over local bourse wednesday - Page 1 : comparemela.com
MANILA - Risk-off sentiments on news saying the Federal Reserve will take a more aggressive tightening took over the local bourse on Wednesday, resulting in the negative close of all the counters, along with the peso. The Philippine Stock Exchange index (PSEi) slipped by 0.65 percent, or 46.81 points, to 7,109.26 points. All Shares followed with a decline of 0.45 percent, or 16.94 points, to 3,780.49 points. Holding Firms registered the biggest drop among the sectoral counters after it fell by 1.23 percent. It was trailed by Services, 0.52 percent; Financials, 0.33 percent; Property, 0.26 percent; Mining and Oil, 0.23 percent; and Industrial, 0.05 percent. Volume reached 11.53 billion shares amounting to PHP4.98 billion. Decliners led advancers at 102 to 79, while 51 shares were unchanged. Luis Limlingan, Regina Capital Development Corporation (RCDC) head of sales, traced the PSEi's negative close to reports quoting Federal Reserve Governor Lael Brainard as saying that the Fed coul