PSEi 4,282.67. -3.26 points. -0.08%.
That’s a sideways market for you. The trend continues. Trading occurred in just a narrow range of almost 22 points. Some people appear to have thrown in the towel in some counters, particularly in mining.
8 of 10 top traded issues were down today. LCB (-6.25%), LC (-5.29%), PX (-4.62%), PRC (-3.19%), AGI (-2.77%) and MBT (-2.23%) were among the notable decliners.
Now might be a good time to take inventory of one’s riskier assets.
Should traders wade in these calm shallow waters knowing the possibility of a new financial tsunami?