MANILA -The benchmark Philippine Stock Exchange index (PSEi) continued to consolidate above the 6,600 mark on Wednesday after the barometer bounced from a key support level. By the closing bell, the PSEi rose 0.42 percent, or 27.82 points, to 6,630.97 while the broader All Shares index added 0.28 percent, or 9.8 points, to 3,529.66. Jonathan Ravelas, managing director at eManagement for Business and Marketing Services, said on Wednesday the gradual recovery indicated waning risk aversion. "However, this sentiment remains fragile amid concerns about 'uncomfortably high domestic inflation' and still fragile global investor sentiment," he noted. A total of 2.29 billion shares va...
Keep on reading: Inflation jitters keep investors at bay
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Keep on reading: Inflation jitters keep investors at bay
from INQUIRER.net https://ift.tt/dghin3U
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