PSEi slips to 6,200 level on economic worries

MANILA, Philippines – Local stocks opened the week on a weaker footing as concerns over the local economy’s momentum dampened investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) closed at 6,297.08 on Monday, down 0.5 percent or 31.89 points. The market decline followed lingering unease over the country’s disappointing economic growth in the fourth