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Index looks to snap out of slump
The Philippine Star
|December 02, 2024
The local stock market is looking to open the final month of 2024 in a festive mood, with investors potentially looking to include bargain stocks in their holiday shopping list.
Last Friday, the benchmark Philippine Stock Exchange index fell for a fourth consecutive session, closing at 6,613.85, lower by 2.4 percent week-on-week.
Online brokerage firm 2TradeAsia.com said local equities last week stayed inside the previous week's trading band, unmoved by the lack of strong positive catalysts amid Thanksgiving break in the US.
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