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PSEi Slips as Investors Raise Cash Ahead of Anticipated GCash IPO

PSEi Slips as Investors Raise Cash Ahead of Anticipated GCash IPO

Analysts expect the Philippine stock index to retreat as investors sell holdings to free up funds for the planned initial public offering of e-wallet giant GCash. The pullback could persist in the run-up to the listing.

Original headline

PSEi retreating as investors prep for GCash IPO - analysts