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LOCAL shares ended flat on Friday anud heightened worries across the globe over China’s coronavirus outbreak.
THE RESUMPTION of trading today is seen to take cues from the slated signing of the US-China phase one deal tomorrow, as investors around the world keep a close watch on any development between the two countries’ attempt to end their two-year trade war.
THE main index ended lower at the close of the week as investors decided to hold off in anticipation of the signing of the trade pact between United States and China next week.
PHILSTOCKS Financial, Inc. is seeing the main index finishing the year within the 8,700 to 8,800 level, backed by growth of company earnings and complemented by economic growth despite uncertainties in the local and international fronts.
PHILIPPINE STOCKS tanked on the first day of trading for 2020 as money flew to China following its central bank’s decision to reduce banks’ reserve requirement ratio (RRR) and as uncertainty continues to hover on water stocks and ABS-CBN Corp. due to a rift with the government.
THE MAIN INDEX recorded its third straight day of decline on Thursday amid the pickup in November inflation and positive developments in the US-China trade negotiations.