PSEi flat, traders on wait-and-see mode

THE local stock market finished slightly higher on Monday as investors stayed on the sidelines ahead of the Federal Reserve’s (Fed) two-day meeting.

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.06 percent or 4.53 points to close at 8,188.52, while the wider All Shares grew by 0.15 percent or 7.44 points to end at 4,963.04.