PSEi cools, but stays above 7,000

Market correction took over the benchmark stock index as investors cashed in on four consecutive days of gains, closing out the week with a 0.74 percent decline in Friday trade.

The Philippine Stock Exchange index (PSEi) dropped 52.49 points or 0.74 percent to remain just above the 7,000 psychological barrier at 7,008.51, while the wider All Shares board let go of 32.48 points or 0.77 percent to close at 4,168.32.