PSEi down, peso sideways on Friday
(PNA file photo) MANILA - The Philippine Stock Exchange index (PSEi) shed for four straight days, closing this week's trading 2.34 percent lower. PSEi ended Friday losing 153.13 points to 6,379.17, with all shares down by 1.7 percent (59.81 points) to 3,457.40. "Philippine shares extended their losses as investors gauged the Fed's next move given the latest inflation data. Fresh PPI (producer price index) data, which measures prices at the wholesale level, jumped 11 percent year-on-year," Regina Capital Development Corporation (RCDC) head of sales Luis Limlingan said. For the...
Source: philippinetimes.com