Indonesia, Philippines stocks fall; most others gain | Reuters

April 13, 2015 5:37 AM

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SINGAPORE, April 13 (Reuters) - Indonesian stocks were trading lower on Monday, a day before its central bank meets to review policy, while the Philippine main index was down after hitting record closing highs several times this month. "Across the region, trading was lethargic.

In our case, one of the reasons is profit-taking. We crossed the 8,100 level early in the year and valuations have been stretched already," said Justino Calaycay, analyst at Accord Capital Equities Corp in Manila. The Jakarta composite index was on track to fall for a second straight session. The co...

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