Manila Times Business
PSEi seen pressured following 5,800 breach
THE local stock market is expected to remain under pressure this week after the benchmark index slipped below the key 5,800 level, with investors closely watching inflation data and developments in the Middle East for fresh direction. The benchmark Philippine Stock Exchange index (PSEi) fell 3.23 percent week-on-week as it closed at 5,768.12 last Friday, dragged by persistent inflation concerns, geopolitical tensions, a weak peso and heavy foreign selling. Online brokerage 2TradeAsia.com said th
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Source: manilatimes.net
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