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KM Financial Solutions | SE Asia Stocks-Largely range-bound; Philippines hits record
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SE Asia Stocks-Largely range-bound; Philippines hits record

16 Oct SE Asia Stocks-Largely range-bound; Philippines hits record

Posted at 04:21h in News by
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By Hanna Paul
Oct 17 (Reuters) – The Philippine stock market hit a record
high on Tuesday, surging more than 1 percent, as trading resumed
after a holiday, while most other Southeast Asian markets were
subdued.
The Philippine stock index leapt as much as 1.4
percent, driven by heavyweights SM Investments and BDO
Unibank.
“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 re

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