Local shares extended their losses Friday ahead of the release of the April inflation rate next week.
The Philippine Stock Exchange index dropped 31 points, or 0.46 percent, to close at 6,615.55, while the broader all-shares index dipped 6.41 points, or 0.18 percent, to settle at 3,498.17.
Philstocks Financial Inc. research analyst Claire Alviar said investors maintained a cautious stance on expectations of higher inflation rate for the month of April.
“Also,...
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Lepanto Consolidated Mining Co. said Friday it plans to raise up to P2.02 billion from a stock rights offering to fund exploration projects.
Lepanto said...
