PH shares close marginally higher in volatile trading

 

The benchmark Philippine Stock Exchange index (PSEi) swung between gains and losses Friday, following volatility in markets overseas.

Stocks across the region ended lower, mainly as investors continued to worry that the European Central Bank will take steps to cut liquidity that has been a boon to financial markets.

The PSEi ended Friday on a positive note, but just barely. It closed at 7,889.33, up 0.01 percent of 1.02 points.

The broader all-shares index was lower by 0.04 percent, or 1.73 points, to 4,735.12 on Friday.

Subsectors also closed mixed.

Gainers were led by financials, up 0.67 percent, services, up 0.27 percent and property, up 0.11 percent.

Leadi…

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