PSEI ends 3-day climb, loses 0.55%

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The local stock barometer ended a three-day upswing on Friday as investors pocketed recent gains when the index neared the 6,600 barrier.

The Philippine Stock Exchange index (PSEi) shed 36.37 points or 0.55 percent to close at 6,544.63, even as most markets in the region advanced.

Caution remains in the market amid rising cases of domestic coronavirus infection.

For the week, the PSEi added a total of 108.53 points or 1.7 percent.

On Friday, the market was weighed down most by the financial, holding firm and services counters, which all declined by less than 1 percent.

The mining/oil counter rose by 2.1 percent, while the industrial and property counters both added less th…

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