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PSEi Drops as December Inflation Quickens

January 08, 2025

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The Philippine Star

The local stock market suffered its first loss of the year as investors pocketed gains from a three-day rally following a faster December inflation.

- By Richmond Mercurio

The benchmark Philippine Stock Exchange index snapped its three-day winning streak yesterday, plunging by 1.2 percent or 79.79 points to 6,545.38.

Also taking a nosedive was the broader All Shares index, shedding by 1.14 percent or 43.34 points to settle at 3,750.69.

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