PSEi slips on last-minute profit-taking

MANILA, Philippines — The benchmark Philippine Stock Exchange Index (PSEi) closed lower on Monday as investors locked in profits late in the session. They stayed cautious while awaiting fresh earnings catalysts. The benchmark index slipped by 0.65 percent or 41.75 points to 6,349.16, weighed down by last-minute selling.  Michael Ricafort, chief economist at Rizal Commercial