No holiday cheer for PSEi as recession woes go full Grinch

There was no Christmas cheer for the Philippine Stock Exchange (PSE) on Friday as the benchmark index was weighed down by recession risks. By the closing bell, the Philippine Stock Exchange index sank 0.55 percent, or 35.91 points, to 6,541.03 while the broader All Shares index shed 0.28 percent, or 9.79 points, to 3,432.47. Some investors also cut their holdings ahead of the long Christmas weekend. The PSE announced there would be no trading on Monday (Dec. 26), which was declared a special non-working day by Malacaang. PSE subsectors were mostly lower with holding firms (-0.95 percent) leading the way, followed by financials (-0.85 percent), property (-0.78 percent) and mining...

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