Stocks fall on rising Mideast tension

The current Mideast tensions caused a decrease of the Philippines Stock Exchange index (PSEi) by 104,46 points, or 1,33%. PSEi was dragged down most by Jollibee, GT Capital and URC. The only sectors to pose an increase was mining and oil with a modest increase of 1%. Financial and holding firms also slipped by over 1%. Outside the PSEi, real gains  were made by Cirtek Holding which rose by 10,93%. On the other hand, Manila Water Co. Inc. for instance, which plummeted by over 6% in part due to the political tensions and uncertainty surrounding future water concessions 


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