Stock market flat; investors in wait-and-see mode

THE stock market ended flat on Monday after rising by as much as 1 percent during intra-day trading, with investors said to have turned cautious given upcoming events such as a US Federal Reserve policy meeting and US-China trade talks.

The benchmark Philippine Stock Exchange index (PSEi) rose to as high 8,143 but then lost steam to end the day up just 0.009 percent or 0.72 points at 8,053.92. The broader All Shares rose by 0.06 percent or 2.76 points to finish at 4,856.38.