Local stocks succumbed to profit-taking Thursday as investors followed the movement of the latest MSCI rebalancing. MSCI is a benchmark
Local stocks succumbed to profit-taking Thursday as investors followed the movement of the latest MSCI rebalancing.
MSCI is a benchmark developed by Morgan Stanley Capital International to measure the performance of large and mid-cap segments of the stock market. The 30-company Philippine Stock Exchange index plunged 120.04 points, or 1.91 percent, to close at 6,175.25, while the broader all-shares index fell 47.41 points to settle at 3,334.78.
“Local investors followed the movement of the latest MSCI rebalancing to end the month of August, while others digested the weaker-than-expected payrolls data and annual gross domestic product forecast that nevertheless suggested the US Fed could be done hiking rates,” Regional Capita Development Corp. head of sales Luis Limlingan said.
China Bank Capital managing director Juan Paolo Colet said investor sentiments also soured after reports of lower domestic trade and fifth straight month of contraction in Chinese manufacturing activity.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Globe’s MSCI ESG rating upgraded to ‘AA’Globe Telecom said Thursday it achieved a ratings upgrade to ‘AA’ from MSCI, marking the highest rating among companies in
Baca lebih lajut »
Goring seen to leave PAR Wednesday night to Thursday morningGoring is forecast to leave the Philippine Area of Responsibility between Wednesday night to Thursday morning, where it will continue to move in a west-northwestward path toward China.
Baca lebih lajut »
Local stocks track Wall Street’s advanceMANILA—Local stocks rose Tuesday, tracking the gains on Wall Street and other Asian markets. The bellwether Philippine Stock Exchange index
Baca lebih lajut »
Angola coach Pep Claros blasts FIBA naturalization, hampers local development(1st UPDATE) Angola coach Pep Claros calls on FIBA to disallow naturalized reinforcements 'as soon as possible', emphasizing a greater need for local player development
Baca lebih lajut »
Local stocks track US, global markets’ rallyMANILA—Local stocks rose Tuesday, tracking the gains on Wall Street and other Asian markets. The bellwether Philippine Stock Exchange index
Baca lebih lajut »