The main index shed 10.17 points or 0.15 percent to close at 6,721.08 points as Banks led the decline while the Industrial sector was the only one that managed to advance. Volume fell to 795 million shares worth P3.61 billion as losers beat gainers 99 to 60 with 67 unchanged.
Aside from this, investors are keeping an eye on April’s jobs report due Friday and a flurry of earnings reports in the US and Philippines throughout the week.
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Market bets on higher SM Prime Q1 earnings - BusinessWorld OnlineInvestors were cautiously optimistic on SM Prime Holdings, Inc. last week as they expect higher first-quarter earnings amid looser movement curbs recently. READ:
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