PSEi slips below 6,000 on profit-taking

MANILA, Philippines – Local stocks retreated on Friday as investors pocketed gains from the previous session’s rally, pulling the benchmark index back below the 6,000 level. The Philippine Stock Exchange Index (PSEi) fell by 0.64 percent or 38.26 points, to close at 5,976.77. Philstocks Financial Inc. said the market failed to sustain its position above the