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Peso bounces back

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Local share prices and the peso bounced back on Wednesday as investors went back to the market two days after the bloody Quirino Grandstand hostage crisis. At the Philippine Stock Exchange, the local composite index inched up 23.65 points, or 0.67 percent to 3,554.15 while the broader all-shares index gained 3.36 points, or 0.15 percent to 2,246.26.


Market breadth, however, was negative as losers beat gainers, 96 to 38, while 33 issues were unchanged. A total of 1.16 billion stocks worth P4.41 billion changed hands.



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well the bounce could be beause of the 1/2 Billion DOLLAR GRANT THEY JUST RECEIVED FROM THE US

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