Lackluster PH market edges downward

The Philippine benchmark stock index was dragged sideways for the second day in a row, ending virtually flat in the absence of market-moving news in the past few days.

The benchmark Philippine Stock Exchange index (PSEi) eased downward by just 0.005-percent, losing 0.34 points to close out the week at 6,889.55. The wider All Shares index, by contrast, recovered a little, closing up by 0.11 percent or 4.71 points to 4,129.89.