Live Breaking News & Updates on 818 99 Points All Shares Followed Witha Drop Of 0 14 Percent

MIXED TRADING. Profit-taking ends the Philippine main equities index's rally on Wednesday (Aug. 17, 2022) as investors await the release of the July 2022 retail sales data. On the other hand, the peso finished the day sideways against the US dollar. (PNA file photo) MANILA - Bargain hunting ended in the local bourse, resulting in the negative close of the main equities index on Wednesday, but the peso kept its footing against the US dollar. After several days of rally, the Philippine Stock Exchange index (PSEi) shed by 0.46 percent, or 31.65 points, to 6,818.99 points. All Shares followed with a drop of 0.14 percent, or 5.2 points, to 3,619.88 points. Most of the sectoral gauges also finished the day in the negative territory, led by Industrial, which fell 0.88 percent. It was trailed by Property, 0.78 percent; Services, 0.73 percent, and Financials, 0.70 percent. On the other hand, Mining and Oil rose by 1.32 percent and Holding Firms by 0.43 percent. Volume reached 1.17 billion s ....

United States , Luis Limlingan , Holding Firms , Regina Capital Development Corporation , Philippine Stock Exchange , West Texas Intermediate , Mixed Trading Profit Taking Ends The Philippine Main Equities Index 39s Rally On Wednesday Aug 17 , 022 As Investors Await The Release Of July 2022 Retail Sales Data On Other Hand , He Peso Finished The Day Sideways Against Us Dollar Pna File Photo Manila Bargain Hunting Ended In Local Bourse , Esulting In The Negative Close Of Main Equities Index On Wednesday , Ut The Peso Kept Its Footing Against Us Dollar After Several Days Of Rally , He Philippine Stock Exchange Index Psei Shed By 0 46 Percent , R 31 65 Points , Go 6 , 818 99 Points All Shares Followed Witha Drop Of 0 14 Percent , R 5 2 Points , O 3 , 619 88 Points Most Of The Sectoral Gauges Also Finished Day In Negative Territory , Ed By Industrial , Hich Fell 0 88 Percent It Was Trailed By Property , End Financials , Ining And Oil Rose By 1 32 Percent Holding Firms 0 43 Volume Reached 17 Billion Shares Amounting To Php8 04 Advancers Led Decliners At 117 94 , Hile 34 Shares Were Unchanged Quot Philippine Finally Succumbed To Profit Taking After Successive Sessions Of Bargain Hunting , Nd Ahead Of The Release July Retail Sales Data , Uot Said Luis Limlingan , Egina Capital Development Corporation Rcdc Head Of Sales He Said The Retail Data Quot Is Being Used By Investors To Gauge How Consumers Are Managing Impact Rising Inflation And Oil Prices Limlingan Again Fell In International Market Aftera Volatile Trading As Economic Spurred Concerns Abouta Potential Global Recession While Awaited Clarity On Talks Revivea Deal That Could Allow More Iranian Exports Brent Crude Futures Slipped 2 9 Percent Usd92 34 Per Barrel West Texas Intermediate Wti 3 Usd86 53 Other Hand ,