PSEi slips ahead of BSP monetary setting

MANILA, Philippines – Philippine stocks edged lower on Monday as investors took a cautious stance ahead of the Bangko Sentral ng Pilipinas’ policy meeting. Foreign selling and weak industrial shares weighed on the market. The benchmark Philippine Stock Exchange Index (PSEi) fell by 0.25 percent, or 16.03 points, to close at 6,368.55. READ: Poll: BSP