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THE MAIN INDEX managed to stage a last-minute rebound on Monday due to bargain hunting, ending nearly flat from Friday.
LOCAL SHARES gained for the third straight day, joining Wall Street and major Asian markets in cheering easing US-China trade tensions, even as Friday’s finish was lower than a week ago.
LOCAL SHARES may tread higher this week with the end of the Chinese ghost month, alongside likely slower August inflation and another rate cut on the horizon.
PHILIPPINE bulls see the nation’s stock index climbing back to 8,000 later this year as corporate profits recover and economic growth accelerates.
SHARES recovered on Monday as investors bought shares at the close, even as market sentiment remained cautious due to tensions abroad.
LOCAL EQUITIES mostly headed south as the week ended, extending weakness that marked Thursday as investors further digested news of the country’s slowing economic growth.