bin picking-Bargain hunters splurge as PSEi breaks 7,000 mark
The benchmark Philippine Stock Exchange index (PSEi) continued its descent on Friday, briefly dropping below the 7,000 level before bargain hunters entered the fray.
By the closing bell, the PSEi was down 0.49 percent, or 34.95 points, to 7,063.20. The broader all-shares index was down 0.51 percent to 4,347.06. Analysts see the next key support level at the 6,800 mark.
The Philippines slid alongside mixed sentiments in the region and the decline at Wall Street overnight.
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