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Foreign Inflows to Philippines Stocks Lose Momentum

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An electronic ticker at the Philippine Stock Exchange in Taguig, the Philippines. Photographer: Veejay Villafranca/Bloomberg (Veejay Villafranca/Bloomberg)

(Bloomberg) -- Foreign buying of Philippines’ stocks slowed in the past week as the nation’s benchmark equity index fell and the Philippine peso weakened.

  • The 5-day moving average of net foreign inflows decreased to $5.53 million, falling below the 20-day average of $17.7 million, according to data from the Philippine Stock Exchange Inc. compiled by Bloomberg.
  • The Philippines Stock Exchange PSEi Index fell 0.9 percent over the past week and the peso fell 0.7 percent against the dollar to 56.347.

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