PHILIPPINE SHARES sank to a near two-week low on Monday as the conflict in the Middle East, high global oil prices, and weak buying interest dragged the market.
The Philippine Stock Exchange index (PSEi) dropped by 0.59% or 35.25 points to close at 5,941.52, while the broader all shares index fell by 0.51% or 17.28 points to end at 3,354.13.
This was the PSEi’s lowest finish since it closed at 5,898.08 on May 5.
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