Index managed to grow despite the sell-off

Philippine Stock Exchange Index (PSEI) managed to stay above the 7300 mark, despite the selloff.

The main composite index closed 1.36 points higher at 7325.76, but the broader index of all shares fell 1.61 points, or 0.03 percent, to finish at 4201.54.

The turnover value reached P6.76 billion, down edged advancers, 91 72. Fifty-four shares remained unchanged.

"Profit Takers almost dominated the trading session, but at the last minute bargain hunters finally decided the day. However, given the value of the low turnover, it seems that most investors were simply abandoned and choose to wait out the US Federal Reserve and the Bank of Japan meeting this week of the results," Astro Del Castillo first degree Finance Inc. said.

Meanwhile, the NDP and the Clearing Exchange Philippines will have a kind of regular trading, clearing and settlement on November 17 and 20 after the Bangko Sentral ng Pilipinas (BSP) announced that all settlements in the Philippines and the benefits (PhilPaSS) will operate those dates.

November 17 and 20 previously declared as non-working holiday for the National Capital Region (NCR) Government, because of the APEC meetings.

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"We are grateful for the financial clearance and settlement operations implementation available to the public on November 17 and 20. This expansion enables financial institutions, including PSE CSF continue their normal services to investors and various stakeholders, even when the government offices NCR closed on those dates," said PES President and CEO Hans Sicat.