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KM Financial Solutions | SE Asia Stocks-Largely muted; Philippines hits record closing high
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SE Asia Stocks-Largely muted; Philippines hits record closing high

16 Oct SE Asia Stocks-Largely muted; Philippines hits record closing high

Posted at 09:55h in News by
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By Hanna Paul
Oct 17 (Reuters) – Most Southeast Asian markets were subdued
on Tuesday while Philippines shares hit a record closing
high as index heavyweights gained.
The Philippine stock index closed 0.59 percent higher at
8497.74, its highest ever, helped by gains in heavyweights SM
Investments and SM Prime Holdings
“We’re playing catch-up. Most regional markets rallied
yesterday, so today there’s pent-up demand,” said Jeff Lucero,
an analyst from RCBC Securities.
Cash rem

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