04 Dec SE Asia Stocks-Philippines snaps 5 days of falls; Vietnam drops most in nearly 4 months
By Nikhil Nainan
Dec 5 (Reuters) – Philippine shares snapped five straight
sessions of declines on Tuesday, driven by real estate and
financial stocks, while Vietnam fell the most in nearly four
months.
The Philippine Stock Exchange PSEI Index closed 0.8
percent higher with market heavyweights SM Prime Holdings Inc
climbing 2.1 percent and Ayala Land gaining
1.8 percent.
But the gains may be temporary, according to Joseph Roxas,
president at Manila-based Eagle Equities.
“I t
Dec 5 (Reuters) – Philippine shares snapped five straight
sessions of declines on Tuesday, driven by real estate and
financial stocks, while Vietnam fell the most in nearly four
months.
The Philippine Stock Exchange PSEI Index closed 0.8
percent higher with market heavyweights SM Prime Holdings Inc
climbing 2.1 percent and Ayala Land gaining
1.8 percent.
But the gains may be temporary, according to Joseph Roxas,
president at Manila-based Eagle Equities.
“I t
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