The local stock barometer ended the week on a sluggish note as investors remained generally averse to risk-taking, keeping in mind uncertainties over domestic economic prospects and the COVID-19 vaccination rollout.
The main-share Philippine Stock Exchange index (PSEi) went down by 24.07 points or 0.38 percent to close at 6,258.71.
“Philippine shares closed lower as investors focused their attention on the highly anticipated jobs data, while fund managers continued to assess the new set of earnings that came out,” said Luis Gerardo Limlingan, managing director at Regina Capital Development. Meanwhile, he said other investors continued tracking countries that have been vaccinating r…
Keep on reading: Risk aversion keeps investors away from PH bourse; stocks down