The stock market fell below the 6,900 level once more to end the week in the red as investors cashed in on their profits.
The benchmark Philippine Stock Exchange index fell by 1.17 percent or 81.25 points to end at 6,881.97, snapping a brief two-day rally.MANILA, Philippines —
Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi corrected lower despite continued record highs for the US stock markets lately Industrial as well as mining and oil, meanwhile, managed to eke out gains of 0.43 percent and 0.31 percent, respectively.Market breadth was negative as decliners crushed advancers, 111 to 80, while 52 issues were unchanged.
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