PSEi seen bottoming near 5,800 as volatility persists

  MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) may be nearing a short-term bottom around the 5,800 level, although market volatility is expected to persist, according to Unicapital Securities Inc. In a recent webinar, the brokerage said current technical indicators suggest the market is still in a fragile state, with a bearish bias