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Philippines equities ascend at close of trade
On Friday, Philippines stocks headed north after the close. It’s because revenues in the Holding Firms, Mining & Oil as well as Services sectors underpinned stocks.
The PSEi Composite gained 0.13% at the close in Philippines.
LT Group Inc, Metro Pacific Investments Corp and JG Summit Holdings Inc appeared to be the best performers of the session on the PSEi Composite. They edged up respectively 2.51%, 1.54% and 1.39%.
The worst performance was demonstrated by International Container Terminal Services Inc, Petron Corp and DMCI Holdings Inc. They tumbled 1.42%,1.05% and 0.89% respectively.
Ascending equities supplanted dipping ones on the Philippines Stock Exchange by 98 to 95, while 49 concluded intact.
The currency pair CNY/PHP edged up 0.08% hitting 7.6638, and USD/PHP grew 0.08% being worth 51.060.
Meanwhile, the US Dollar Index Futures decreased 0.01% demonstrating an outcome of 93.22.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.