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PSE index falls under 6,000 as buyers pocket features

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Philippine shares slid for a second day on profit-taking, pulling the benchmark measure under 6,000 on Friday.

By the closing bell, the Philippine Inventory Alternate Index shed 1.2 p.c, or 72.43 factors, to five,983.56, whereas the broader All Shares index shed 0.89 p.c, or 28.57 factors, to three,195.04.

Quantity fell from the pervious session, with 429.16 million shares valued at P4.5 billion altering arms whereas foreigners have been internet sellers to the tune of P402.5 million.

“Philippine shares logged their second straight day of bathing within the purple as buyers got here out of a tumultuous day with bond yields rising and wide-ranging company earnings,” Luis Gerardo Limlingan, head of gross sales at…

Carry on studying: PSE index falls under 6,000 as buyers pocket features

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