Shares, peso end week's trading weaker
MANILA - The Philippine Stock Exchange index (PSEi) and the local currency both closed the week lower. All counters closed in the negative territory with PSEi slipping by 0.59 percent, or 42.75 points to 7,192.17. All shares fell by 0.31 percent, or 12.12 points, to 3,830.43. "Local shares were sold as investors took in some of their profits ahead of the CPI (consumer price index) data release this Friday in the US," Regina Capital Development Corp. head of sales Luis Limlingan said. Limlingan said economists expect the November inflation in the US to hit 6.7 percent year on year, wh...
Source: philippinetimes.com