Saturday 23 June 2018
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4 months ago

Defying downturn in regional markets, PSEi gains 0.53%

The local stock barometer firmed up at the 8,400 level yesterday, defying the downturn seen across regional markets, due to selective buying particularly on banking stocks. Reversing the decline in early morning trade, the Philippine Stock Exchange index closed 44.47 points or 0.53 percent higher at 8,404.69. Local stock brokerage Papa Securities said the market seemed to be consolidating after straying below its long-term uptrend. Major support is seen at the 8,050 level. The day s upswing was led

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