PHILIPPINE SHARES may rebound this week on bargain hunting as markets await the latest US inflation reports that could affect the pace of the Federal Reserve’s easing cycle.
On Friday, the bellwether Philippine Stock Exchange index (PSEi) fell by 0.23% or 15.25 points to close at 6,496.32, while the broader all shares index declined by 0.06% or 2.44 points to 3,754.85.
Week on week, the PSEi retreated by 1.63% or 107.49 points from the 6,603.81 close on Jan. 3.
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