Stocks end lower on FTSE rebalancing

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Stocks end lower on FTSE rebalancing
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Local stocks ended the week in the red as the Financial Times Stock Exchange (FTSE) rebalancing took effect. The benchmark

Local stocks ended the week in the red as the Financial Times Stock Exchange rebalancing took effect.

“Philippine shares were sold down as the latest FTSE rebalancing took into effect, while the US rallied on the back of Arm Holdings’ public debut and as investors assessed the latest PPI [Producers Price Index] reading,” Reginal Capital Development Corp. head of sales Limlingan said.

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