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Trading to remain sideways
The Philippine Star
|October 28, 2024
Local stocks are expected to continue trading sideways on the final week of October as investors are likely to tread with caution while waiting for fresh leads.
This week will see a shortened trading week plus end-of-month window dressing.
Despite ending on a positive note at 7,314.23 last Friday, the Philippine Stock Exchange index (PSEi) was down by 1.37 percent week-on-week.
Online brokerage firm 2TradeAsia.com said the impact of Severe Tropical Storm Kristine was partly to blame for the PSEi's big dip last week.
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