Weak Q2 to keep weighing on market

by The Manila Times

Aug 14, 2023 12:38 am

LOWER-THAN-EXPECTED second quarter economic growth will continue to weigh on the stock market ahead of Thursday's monetary policy meeting, analysts said.

The benchmark Philippine Stock Exchange index (PSEi) came close to falling to the 6,300 level last Friday, ending the day at 6.405.91 and down 0.7 percent from a week earlier.

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