PSEi rally fizzles out on profit-taking

MANILA, Philippines – Philippine stocks retreated at the start of the trading week as investors pocketed profits late in the session, snapping a four-week rally amid renewed global and currency-related concerns. The Philippine Stock Exchange Index (PSEi) fell by 26.89 points or 0.42 percent on Monday to close at 6,437.78, weighed down by last-minute selling