PSEi barely moves as hopes dim for economic rebound Inquirer Business


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The stock barometer ended flat on Monday as investors worried over the pace of economic recovery amid extended lockdowns. The main-share Philippine Stock Exchange index (PSEi) shed 1.59 points, or 0.03 percent, to close at 6,369.28 in thin trade, tracking mostly sluggish regional markets. ADVERTISEMENT Value turnover was low at P4.39 billion as investors were unwilling to take big positions while others prepared for upcoming large public stock offerings. On Monday, AC Energy’s follow-on offering worth P12.41 billion started and will run through May 7. About 1.91 billion primary and secondary shares will be offered at P6.50 per share. FEATURED...