PSEi slides anew on Aug factory activity

The stock market again fell on Tuesday on news that growth in the country’s manufacturing sector slowed last month on the back of a decline in fresh orders.

The benchmark Philippine Stock Exchange index (PSEi) slipped by 1.44 percent or 113.82 points to finish at 7,804.71, while the wider All Shares dropped by 1.19 percent or 56.98 points to end at 4,740.61.