PSEi edges higher despite faster inflation

PSEi edges higher despite faster inflation

MANILA, Philippines — Investors brushed off faster inflation on Friday as they continued to stock up on cheap shares. This pushed the Philippine Stock Exchange Index (PSEi) closer to the 6,200 level. By the closing bell, the benchmark PSEi had climbed 0.69 percent or 42.21 points to end at 6,149.13. Likewise, the broader All Shares