April 5, 2021 | 12:01 am Font Size
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THE uncertainty over the reimposed enhanced community quarantine (ECQ) in Metro Manila and nearby provinces Bulacan, Cavite, Laguna, and Rizal coupled with a surge in coronavirus disease 2019 (COVID-19) infections are anticipated to cloud investor sentiment this week.
The Philippine Stock Exchange index (PSEi) shaved off 102.46 points or 1.56% to 6,443.09 on Wednesday.
Week on week, the PSEi declined by 101.54 points from its 6,544.63 close on March 26.
Trading was cut short as the country observed Holy Week, prompting the market to close on Thursday and Friday.
“Next week, we still see a downward bias for the local market as our COVID-19 situation continues to worsen,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message on Saturday.
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