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On Thursday, Philippines stocks slumped after the close because losses in the Property, Holding Firms as well as Services sectors suppressed stocks.
The PSEi Composite went down 1.20%.
On the PSEi Composite such benchmarks as GT Capital Holdings Inc, San Miguel Corp and Petron Corp became the top notch performers, ascending respectively 4.92%, 3.13% and 0.98%.
On the contrary, the worst performers were represented by PLDT Inc, Metro Pacific Investments Corp and Ayala Land Inc. They dived respectively 3.45%, 3.22% and 2.85%.
On the Philippines Stock Exchange diving equities outnumbered soaring ones by 120 to 89, while 53 were intact.
Stocks in GT Capital Holdings Inc tacked on to 52-week maximums, adding 4.92% to 1450.00. Equities in PLDT Inc sank to 52-week minimums, sliding 3.45% hitting 1400.00. As for equities in San Miguel Corp, they inched up to 5-year peaks, gaining 3.13% to 132.00.
The currency pair CNY/PHP decreased 0.21% being worth 7.7414, USD/PHP gained 0.02% trading at 50.396.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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