PSEi inches up but fails to reclaim 6,000 level

MANILA, Philippines – Local stocks started the week higher as bargain hunters returned following last Friday’s losses, although investors remain cautious amid the lingering crisis in the Middle East. The benchmark Philippine Stock Exchange Index (PSEi) rose 0.43 percent or 25.88 points, to close at 5,986.85 on Monday. READ: PSEi snaps winning streak on profit-taking Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said the PSEi ended in the green as strong buying momentum during the morning session lifted the market. “However, gains were tempered by some profit-taking in the afternoon, while investors remained selective […]...

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