PH shares end week with little recovery

Philippine shares ended the week in the bear market territory despite a very little recovery, as it failed to escape the 5,700-point mark.

“It was a tough week for the market as the economic condition of US showed increasing confidence on attaining recovery. This, however, is a double-edged sword. The largest world economy is nearing an imminent asset purchase pullback once labor, inflation, and growth show sustained positive figures,” Maria Arlysa Narciso, an analyst at AB Capital Securities, said.