Philippine stocks slip as investors await GDP data

business.inquirer.net

The Philippine Stock Exchange Index slipped 0.13 percent, or 8.36 points, to 6,277.95 on Thursday as investors awaited GDP data and Middle East tensions dampened risk appetite. Investors awaited gross domestic product figures, while a recent rise in unemployment added caution. Uncertainty over US-Iran relations also weighed. Trading turnover reached P5.64 billion, with net foreign outflows of P323.68 million. Industrial stocks led gains; services fell. DigiPlus Interactive Corp. led benchmark gainers, rising 3.26 percent to P9.50; Bank of Philippine Islands fell 2.32 percent. Analysts expect continued caution as investors monitor economic data and geopolitical risks.


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Philippine stocks slip as investors await GDP data | News Minimalist