PSEi rises above 6,100 on easing US-Iran conflict

MANILA, Philippines – Local stocks extended their gains on Monday as easing tensions in the Middle East buoyed investor sentiment, although many investors stayed on the sidelines amid lingering uncertainty in the region. The benchmark Philippine Stock Exchange index (PSEi) climbed 1.01 percent, or 61.17 points, to close at 6,133.41. READ: US, Iran agree to pause attacks, meet in Qatar – US media According to Philstocks Financial Inc., the market drew support after the United States and Iran agreed to halt military exchanges and resume negotiations following heightened tensions over the weekend. Meanwhile, Luis Limlingan, head of sales at Regina Capital […]... Keep on reading: PSEi rises above 6,100 on easing US-Iran conflict