Profit-taking hurts PH stocks index; PHP firm vs. USD
Philippine Stock Exchange (File photo) MANILA - The Philippine Stock Exchange index ended the week on the red after some investors took profit but the peso finished sideways against the US dollar as it continued to trade at the PHP50-level. The main stocks index lost 0.64 percent to 7,261.34 points, or 46.41 points. All Shares followed with a drop of 0.38 percent to 3,855.30 points or 14.81 points. Most of the sectoral indexes also finished the week on the red - Financials at 0.95 percent; Services, 0.92 percent; Property, 0.52 percent; Holding Firms, 0.40 percent; and Industrial, 0.21 percent...
Source: philippinetimes.com