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STOCKS ended mostly flat on Wednesday as trading was quiet ahead of the Holy Week break.
THE PHILIPPINE Stock Exchange Index (PSEi) extended its weakness for the second trading day, dipping below the 7,900 mark on Friday even as it broke a two-week fall.
THE MAIN INDEX ended in negative territory on Tuesday as investors took caution ahead of the policy review of the Bangko Sentral ng Pilipinas (BSP) as well as the United States’ and United Kingdom’s central banks, all slated later this week.
LOCAL STOCKS rose Friday — and for the second week in a row — on the back of portfolio adjustments in the face of Financial Times Stock Exchange (FTSE) rebalancing and as uncertainty over a United States-China trade deal and Brexit drove funds towards major Asian markets.
THE MAIN INDEX moved further down the 7,700 level yesterday amid a lack of fresh catalysts that could boost investor sentiment.
THE PHILIPPINE Stock Exchange index (PSEi) closed on Friday at its lowest level since nearly the start of the year as investors sold heavily amid portfolio adjustment in the face of MSCI rebalancing and after US-North Korea talks in Vietnam this week failed to yield denuclearization progress.