Stocks slip as investors await fresh leads

The local stock market opened the week in negative territory as investors opted to stay cautious while waiting for fresh leads.

- By RICHMOND MERCURIO

The benchmark Philippine Stock Exchange index (PSEi) finished yesterday’s session at 5,989.29, down by 0.55 percent or 32.95 points. The broader All Shares index also finished in the loss column, declining by 0.69 percent 24.56 points to 3,543.78.

Luis Limlingan, head of sales at Regina Capital, said the PSEi ended lower as investors locked in profits ahead of the release of key economic data on Friday.