The local stock market fell for a second consecutive session on Thursday as investors remained cautious over escalating tensions in the Middle East, according to Philstar Biz.
Trading was subdued as participants weighed the potential impact of geopolitical risks on global markets. Analysts noted that while local fundamentals remain intact, external uncertainties continue to dampen risk appetite.
The Philippine Stock Exchange index closed lower by 0.3% to 6,450.21 points, with most sectoral indices ending in negative territory. Market breadth was negative as decliners outpaced gainers.