PSEi up 0.02% as Sept inflation hits 6.9%

by Tiziana Celine Piatos - Ed Paolo Salting

Oct 06, 2022 12:21 am

THE local bourse posted a slight gain on Wednesday, up by 0.87 points, or 0.02 percent, to settle at 5,988.59, affected also by the September inflation print of 6.9 percent or higher than August's 6.3 percent.

The performance of the Philippine Stock Exchange index (PSEi) on Wednesday was a far cry from Tuesday, when it climbed by 204.57 points, or 3.54 percent, to close at 5,987.72 amid continued bargain hunting.

Market vendors attend to their vegerables sold at Balintawak market in Quezon city last October 05, 2022. The Philippines’ inflation rate surges to 6.9% in September 2022, from 6.3% in August 2022 and 4.2% in September 2021.(PHOTO BY: MIKE DE JUAN)

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