PSEi seen consolidating near 6,500

MANILA, Philippines – Philippine stocks may consolidate near the 6,500 level this week after a broad-based rally fueled by bargain hunting in index heavyweights and rate-sensitive names, according to brokerage 2TradeAsia. The Philippine Stock Exchange Index climbed 116 points, or 1.84 percent week-on-week, to close at 6,464.41, led by mining and oil stocks, which surged