Wall Street plunge prompts dip for PSEi

THE stock market opened its final trading week for 2018 on a down note, dipping 0.40 percent in what analysts said was a reaction to Monday’s Wall Street plunge.

Holidays on December 24 and 25 insulated the bellwether Philippine Stock Exchange (PSEi), which lost 29.70 points to close at 7,450.01 on Wednesday. The broader All Shares dipped 0.26 percent or 11.66 points to finish at 4,489.92.