The benchmark Philippine Stock Exchange index (PSEi) slid anew yesterday amid mixed sentiments in the region and the decline in Wall Street overnight.
The PSEi closed the session down 1.53 percent, or 109.86 points, to 7,066.57. The broader all-shares index was also down 1.28 percent, or 56.07 points, to 4,323.23.
“We think there is still downward pressure on Philippine equities as investors are not yet fully compensated for the risk they are taking,” Papa Securities said in a note to investors.

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