PSEi retests 6,500 on improved inflation outlook

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The benchmark Philippine Stock Exchange index reclaimed the 6,500 level on weak trading volume on Monday amid bets that inflation had cooled further in June. | miguelrcamusINQ /PDI

Investors remained cautious as 1.54 billion shares valued at P2.45 billion changed hands while foreigners were net buyers to the tune of P222.3 million.

Property, holding firms, mining and oil and financials climbed while industrial and services slipped, data from the stock exchange showed.It was followed by BDO Unibank Inc., up 1.67 percent to P140; Emperador Inc., down 1.17 percent to P21.05; SM Investments Corp., up 0.76 percent to P932; and SM Prime Holdings Inc., up 2.59 percent to P33.70 per share.Your subscription has been successful.

 

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