'Reason to take profits' could pull down market

By Brix Lelis

Feb 19, 2024 12:35 am

INVESTORS could this week choose to lock in gains made during prior rallies, analysts said, causing the stock market to reverse a monthlong upward trend.

The 30-company Philippine Stock Exchange index (PSEi), which has remained bullishly biased for four consecutive weeks, ended 0.34 percent higher week-on-week at 6,873.23 last Friday.

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