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Philippines stocks move down
On Tuesday, Philippines stocks decreased after the close on Tuesday. It’s because losses in the Banking & Financials, Holding Firms as well as Industrials sectors brought stocks down.
The PSEi Composite went down 0.60%.
On the PSEi Composite the best performers included DMCI Holdings Inc, Megaworld Corp and Emperador Inc. They gained respectively 1.29%, 1.09% and 0.88%.
Meanwhile, Alliance Global Group Inc, Metro Pacific Investments Corp and Metropolitan Bank and Trust Co sank 4.05%, 2.36% and 1.96% respectively, thus becoming the worst performers of the trading session.
Stocks in DMCI Holdings Inc inched up to 52-week peaks, ascending 1.29% and getting to 14.100.
Diving shares managed to supplant growing ones on the Philippines Stock Exchange by 115 to 82, while 47 ended intact.
The currency pair CNY/PHP grew 0.47%, being worth 7.2876, while USD/PHP gained 0.25%, trading at 49.533.
The US Dollar Index Futures dived 0.11%, demonstrating 96.66.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.