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Stocks tumble, take cues from Wall Street
The Philippine Star
|December 14, 2024
The Philippine Stock Exchange index (PSEi) slipped by 0.37 percent or 24.84 points to finish yesterday's session at 6,616.51.
The broader All Shares index settled at 3,752.73, down by 0.09 percent or 3.34 points.
"The PSEi declined after US stock markets mostly corrected lower for the third day in four trading days after the latest US inflation data were mostly faster versus market estimates and picked up versus the previous month levels," RCBC chief economist Michael Ricafort said.
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