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LOCAL SHARES ended flat on Friday in the face of MSCI rebalancing and signs of improving Sino-US trade ties, staying above 8,000 for the fifth straight day and gaining for the fifth week in a row.
THE MAIN INDEX ended two straight days of gains on Friday, as reports on slowing growth in the world’s second-biggest economy weighed and investors took profits.
LOCAL SHARES sustained their momentum on the last day of this week’s trading after positive developments in the trade talks between the United States and China.
THE MAIN INDEX dropped to the 7,600 level on Wednesday as investors stayed on the sidelines in anticipation of the trade talks between United States and China.
LOCAL SHARES on Friday ignored an expected boost to appetite from the Bangko Sentral ng Pilipinas’ (BSP) widely anticipated interest rate cut the preceding day and, instead, yielded to weakness on Wall Street and most other Asian bourses.