Duterte's lack of pandemic plan pushes down PH stocks

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The Philippine Stock Exchange index or PSEi settles below the 6,000 level as President Rodrigo Duterte skipped presenting a detailed recovery plan in his 5th State of the Nation Address. Read:

were among the most actively traded on Tuesday, with Ayala-led Globe Telecom losing 0.5% and hitting P2,000 apiece. Before the close, it sunk to a new 30-day low of P1,942 apiece.

Dennis Uy’s Dito CME Holdings, which was not subjected to Duterte’s tirades, went up by 3.4% to P2.75 apiece. Uy donated to Duterte's presidential campaign back in 2016.Maynilad Water Services parent Metro Pacific Investments Corporation saw its shares rise by 1.3% at the last minute, but not before hitting a new 30-day low of P2.91.ended the trading day flat after days of crashing, with its market capitalization hitting just over P6.6 billion.

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