Stocks, peso weaken on geopolitical issues overseas
MANILA - Heightened concerns on the geopolitical tensions surrounding Russia and Ukraine further dampened investors' sentiments, resulting in the negative close of both the local stock barometer and the peso on Thursday. The Philippine Stock Exchange index (PSEi) declined by 2.06 percent, or 151.98 points, to 7,212.23 points. All Shares followed with a drop of 1.91 percent, or 75.01 points, to 3,842.85 points. Majority of the sectoral gauges also finished the day in the negative territory with Industrial declining 2.85 percent; Property, 2.60 percent; Financials, 1.94 percent; Services, 1....
Source: philippinetimes.com