Latest news
× PH stocks run-up stalls; index down 2.46%

The local stock barometer pulled back on Wednesday as investors pocketed recent gains ahead of the long Lenten holiday break.

The main-share Philippine Stock Exchange index (PSEi) gave up 139.18 points or 2.46 percent to close at 5,510.83, ending its three-day run-up.

Papa Securities said the PSEi's resistance levels stood firm after US markets were sold down from their highs overnight. It also…