PSEi edges up as late bargain hunting offsets weak sentiment

MANILA, Philippines – Local stocks ended barely higher on Friday as last-minute bargain hunting lifted the market, although investors largely stayed on the sidelines amid lingering concerns over the domestic economic outlook. The benchmark Philippine Stock Exchange Index (PSEi) inched up by 0.02 percent, or 1.18 points, to close at 6,072.24. READ: S&P cuts PH growth outlook to 4.1% Luis Limlingan, head of sales at Regina Capital Development Corp., said the PSEi ended nearly unchanged for the week as investors waited for fresh catalysts to provide market direction. “Trading remained cautious and thin as participants assessing the global AI sector sell-off […]... Keep on reading: PSEi edges up as late bargain hunting offsets weak sentiment