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KM Financial Solutions | SE Asia Stocks-Philippines falls to 2-mth low; S’pore hits 2-1/2-yr high
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SE Asia Stocks-Philippines falls to 2-mth low; S’pore hits 2-1/2-yr high

30 Nov SE Asia Stocks-Philippines falls to 2-mth low; S’pore hits 2-1/2-yr high

Posted at 10:07h in News by
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By Nikhil Nainan
Dec 1 (Reuters) – Philippine shares fell sharply on Friday
to their lowest close in two months, while the Singapore stock
market rose to a fresh 2-1/2-year closing high.
The Philippine index retreated 1.3 percent, posting
losses on every trading day this week and bringing the weekly
losses to 2.6 percent.
“The market is trading at quite an expensive PE multiple
compared to other Asian equities,” said Manny Cruz, an analyst
with Asiasec Equities Inc in Manila.

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