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MANILA, Philippines — Many investors look at the Philippine Stock Exchange (PSE) and see very little activity. The Philippine Stock Exchange Index (PSEi) has spent long periods near the same level, with occasional rises and declines but without the kind of sustained momentum that usually excites investors.
To many observers, the market appears quiet, even stagnant.
Yet the calm appearance of the index can mislead. Some stocks rise strongly, others decline, and many do so for reasons that have little to do with the market itself.
READ: PSEi falls below 5,900 on inflation shock
