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First quarter growth disappoints investors.
Byline: AFP with Kristine Jane R. Liu
Share prices closed 0.08% lower yesterday, weighed down by a disappointing economic growth figure and the downturn on Wall Street, dealers said.
The composite index fell by 2.01 points to 2,354.37 while the all- shares index rose by 0.11% to 1,529.96 points.
Officials yesterday said economic growth had slowed to just 0.4% in the three months to March - a 10-year low.
This was substantially lower than the 2.9% growth posted in the first quarter a year ago and the government's 1.8% to 2.8% growth forecast for the period.
There were 51 gainers, 52 losers and 49 unchanged. Net foreign buying summed up to …
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