PSEi starts week up; peso weakens vs. greenback
MANILA - The local stock barometer started the week up ahead of the earnings reporting season but the peso weakened again the US dollar anew. The Philippine Stock Exchange index (PSEi) rose by 3.14 percent, or 217.15 points, to 7,124.01 points. All other counters finished with gains, with All Shares up by 1.97 percent, or 85.38 points, to 4,423.90 points. The Property index led the sectoral gauges with a rise of 5.48 percent and was trailed by Financials, 4.50 percent; Holding Firms, 2.74 percent; Mining and Oil, 1.81 percent; Industrial, 1.77 percent; and Services, 0.15 percent. Volume totale...