The local stock barometer ended flat on Friday while value turnover remained relatively thin as investors conserved liquidity for the upcoming P14.7-billion initial public offering of DoubleDragon’s real estate investment trust.
The main-share Philippine Stock Exchange index (PSEi) dipped by 1.12 points or 0.02 percent to close at 6,881.37, in line with mostly sluggish regional markets. For the week, the PSEi managed to gain 86.51 points or about 1.3 percent.
The overshooting of the 4 percent upper end of the Bangko Sentral ng Pilipinas’ inflation target also gnawed on market sentiment. Philippine consumer prices rose at a faster pace of 4.7 percent year-on-year in February from 4….
Keep on reading: PSEi closes slightly down as inflation report erodes market sentiment