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6dcasino PSEi awaits monetary setting
Philippine shares barely moved on Monday ahead of key monetary policy meetings this week, with the bourse inching toward 6,500.
By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) shed 0.02 percent, or 1.35 points, to 6,615.16.
Humpert, who has been raising sheep in northwestern Germany’s Marienmuenster since 1986 in a bid to save endangered breeds, has since lost 140 of her 500 sheep.
In separate advisories on Monday, Seaoil and Shell Pilipinas said the per-liter prices of gasoline and diesel would be reduced by 50 centavos and 70 centavos, respectively.
Article continues after this advertisementThe broader All Shares Index was likewise flat, losing 0.006 percent, or 0.22 points, to close at 3,752.51.
FEATURED STORIES BUSINESS Converge’s Uy embraces the Maroons BUSINESS SMC to rent Nayong Pilipino property for airport project BUSINESS Oil price hike of 80¢/L starting Dec 17A total of 533.66 million shares worth P4.64 billion changed hands, stock exchange data showed.
READ: Asian markets struggle after more weak China data
Article continues after this advertisementForeigners remained net sellers as foreign outflows totaled P495.92 million.
Article continues after this advertisementWhile the PSEi briefly slipped to the 6,500 level within the day, last-minute bargain hunting eventually allowed it to remain within 6,600, according to Japhet Tantiangco, research head at Philstocks Financial Inc.
Article continues after this advertisementTantiangco added that traders had taken a “cautious stance” while waiting for the latest monetary policy stance of both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve this week.
Analysts have said that the BSP may have room to cut rates one last time this year by 25 basis points to 5.75 percent following faster November inflation.
Article continues after this advertisementInvestors snapped up shares of banks, led by Bank of the Philippine Islands, which closed higher by 2.12 percent to P134.8 per share.
Ayala Land Inc. was the top-traded stock as it slipped by 1.32 percent to P26.25, followed by BDO Unibank Inc., down 0.2 percent to P149.7; International Container Terminal Services Inc., up 0.76 percent to P400; SM Investments Corp., up 1.35 percent to P900; and PLDT Inc., down 2.93 percent to P1,260 each.
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Others were DigiPlus Interactive Corp., up 2.6 percent to P25.65; Puregold Price Club Inc.6dcasino, down 2.42 percent to P30.25; Universal Robina Corp., down 0.84 percent to P76.8; and Dito CME Holdings Corp., up 6.58 percent to P1.62 per share. Losers outnumbered gainers, 100 to 87, while 65 companies closed unchanged, stock exchange data also showed.
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