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DCI loses further ground

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The Domestic Company Index (DCI) closed the week ending September 16 at 7 214.09 points, a decrease of 1.05 percent from 7 290.53 the previous week. This is attributed to uncertainty surrounding prospects of one of the listed financial institutions following the Government’s plans to stop the direct deduction of loan repayments from borrowers’ salaries. For the year-to-date, the index has risen by 12.49 percent. The Foreign Companies Index (FCI) closed the week positively, gaining 1.46 percent from 1 826.10 points. A total of 1.54 million securities valued at P10.1 million were traded during the week.

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