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Bacolod City, Philippines Tuesday, January 8, 2019
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Risk-on sentiment
boosts local markets


MANILA – Investors’ expectations that the US-China trade talks this week will go a long way towards ending the trade war helped boost the Philippine Stock Exchange index rally yesterday and the risk-on sentiment also benefited the peso.

PSEi ended the trade at 7,787.66 points, up 0.34 percent or 26.55 points.

Most of the counters in the local equities market ended the day up, with the broader All Shares higher by 0.42 percent, or 19.38 points, to 4,671.97 points.

Property led the sectors after it rose 1.61 percent and was followed by Industrial, 0.97 percent; Services, 0.81 percent; Holding Firms, 0.54 percent and Mining and Oil, 0.33 percent.

Financials, on the other hand, fell 1.31 percent.

Volume reached 1.34 billion shares, amounting to P8.41 billion.

Gainers led losers at 126 to 82 while 38 shares were unchanged.*PNA


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