PSEi falls further into bear territory

Sep 21, 2018 12:20 am

THE stock market slipped further into bear territory on Thursday as inflation concerns and the peso’s weakness continued to spook investors.

The Philippine Stock Exchange index (PSEi) dropped by 1.20 percent or 86.50 points to close at 7,134.73, down 21.2 percent from a 9,058.62 peak recorded on January 29.

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