PSEi rebounds 1% after volatile week
The Philippine Stock Exchange index (PSEi) ended Friday with a 1% rebound, closing at 5,793.94 after triggering a circuit-breaker earlier due to a decline of over 10 percent.
For the week, the PSEi lost 14.4%, marking its worst performance in recent history.
PNB Securities president Manuel Lisbona attributed the rebound to central banks' liquidity increases and economic support measures from international governments, along with reports of slowing virus spread in Wuhan.
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