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Local shares end higher on last-minute buying - BusinessWorld Online

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The benchmark Philippine Stock Exchange index (PSEi) gained by 22.24 points or 0.31% to close at 7,020.83 on Monday, while the broader all shares went up by 1.20 points or 0.03% to 3,722.80. READ:

The benchmark Philippine Stock Exchange index gained by 22.24 points or 0.31% to close at 7,020.83 on Monday, while the broader all shares went up by 1.20 points or 0.03% to 3,722.80.

“Philippine shares reversed losses from last Friday as investors continued to weigh the likelihood of a rate hike in May,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message. Meanwhile, Asian stocks had their worst session in a month and a half on Monday as fears grew that Beijing was on the verge of joining Shanghai in lockdowns.

 

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