Share prices in the Philippine stock market experienced another drop this week, with profit-taking continuing despite lower inflation and positive corporate earnings reports.
The benchmark index closed down, driven by concerns over global economic conditions and the US credit rating downgrade. Foreign investors were net buyers, but trading volume remained anemic. Despite the challenges, investors are eyeing potential opportunities as prices dip, with hopes for a rebound and volatility in the coming week. Stay informed about market trends and financial outlook.
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