What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Philippines stocks decline at close of trade
On Monday, Philippines stocks edged down after the close because losses in the Services, Banking & Financials as well as Mining & Oil sectors suppressed stocks.
The PSEi Composite sagged 0.73% hitting a fresh 1-month minimum.
On the PSEi Composite the best performers included First Gen Corp, Energy Development Corp and Universal Robina Corp. They jumped respectively 4.82%, 1.83% and 0.76%.
Meanwhile, the worst performers were represented by International Container Terminal Services Inc, Petron Corp and Globe Telecom Inc. They went down respectively 3.29%, 2.60% and 2.56%.
Diving equities outperformed rallying ones on the Philippines Stock Exchange by 119 to 67, while 55 were intact.
The currency pair CNY/PHP managed to grow 0.78% showing an outcome of 7.6585. At the same time the currency pair USD/PHP edged up 0.85% being worth 50.685.
As for the US Dollar Index Futures, it tacked on 0.31% trading at 93.10.
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