PHILIPPINE STOCKS ended flat on Thursday as the market stayed on the sidelines while awaiting developments in the Middle East conflict.
The Philippine Stock Exchange index (PSEi) edged up by 0.34 point to end at 6,063.69, while the broader all shares index went up by 0.05% or 1.93 points to end at 3,398.81.
“The Philippine market ended relatively flat as investors remained cautious. Sentiment held steady as the market waits for developments in possible peace talks in the Middle East, keeping risk appetite in check. Despite this, selective buying in key stocks helped keep the market afloat,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.
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