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PHL shares climb on last-minute bargain hunting
April 29, 2021 | 9:00 pm
COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.
SHARES closed higher on Thursday on last-minute bargain hunting and as the country recorded slightly lower new coronavirus disease (COVID-19) cases the previous day.
The Philippine Stock Exchange Index (PSEi) rose by 18.37 points or 0.28% to close at 6,487.51 on Thursday, while the broader all shares index gained 10.46 points or 0.26% to end at 3,967.96.
“The local bourse traded mostly in the red territory after the government extended the MECQ (modified enhanced community quarantine) in Greater Manila, which would adversely affect those businesses that are prohibited to operate, as well as those whose operations are at a limited capacity only like restaurants, malls, etc,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message.
BusinessWorld
April 28, 2021 | 9:00 pm
COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.
PHILIPPINE shares closed in the green on Wednesday as Metro Manila mayors agreed to shorten curfew hours to help increase economic activity.
The benchmark Philippine Stock Exchange Index (PSEi) gained 112.67 points or 1.77% to close at 6,469.14 on Wednesday, while the all shares index improved by 47.18 points or 1.2% to finish at 3,957.50.
“Market rebounded today as local government [units through their mayors backed] further easing of restrictions [through] flexible modified enhanced community quarantine (MECQ) while reducing curfew time… to allow our economy to further open,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message on Wednesday.
Philippines Eases Movement Curbs in Manila Region, Surrounds Bloomberg 4 days ago Ian Sayson © Photographer: JAM STA ROSA/AFP A resident walks along an almost empty street in Manila on March 29, 2021, on day one of government s imposing stricker lockdown, as hospitals in the capital struggle to cope with a surge in coronavirus infections.
(Bloomberg)
Philippine President Rodrigo Duterte relaxed a lockdown in the Manila region and four neighboring provinces, as hospitals added capacity for patients infected by the coronavirus.
The national capital region and Bulacan, Rizal, Laguna and Cavite provinces will be placed under so-called modified enhanced community quarantine until the end of April, presidential spokesman Harry Roque said Sunday. Hospitals have added 3,156 beds for Covid-19 patients, he said.
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