The Philippine Stock Exchange index slipped into the red by 228.55 points or 3.38 percent to 6,530.04 on Friday, as the US May Consumer Performance Index report loomed ahead in the minds of investors.
According to Rizal Commercial Banking Corp. chief economist Michael Ricafort, Philstocks Financial Inc. senior research analyst Japhet Tantiangco, and Regina Capital Development Corp. Managing Director Luis Limlingan, investors took a cautious stance while waiting for the United States May inflation data release.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.