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PSE index ends flat ahead of 3rd quarter GDP data
The Philippine Stock Exchange index (PSEi) closed flat on Monday, extending its winning streak to six sessions, as investors awaited key economic data and assessed global developments.
The PSEi edged up by a mere 0.16 points to 6,685.85, while the All Shares index saw a modest increase of 0.42%.
Market sentiment was influenced by the recent US presidential election results, the upcoming release of the Philippines' third-quarter Gross Domestic Product (GDP) figures, and a rise in COVID-19 cases.
Investors are closely monitoring the GDP data, which is expected on Tuesday, to gauge the health of the local economy.
Joseph Biden Jr. has been declared the president-elect of the United States, with President Duterte and Vice President Robredo extending their congratulations.
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