PSEi extends rally on vaccine rollout optimism By TED CORDERO, GMA News
Published March 2, 2021 7:28pm
University of the Philippines-Philippine General Hospital (UP-PGH) director Dr. Gerardo Legaspi becomes the Philippines first official recipient of a vaccine against COVID-19 during a symbolic vaccination at UP-PGH grounds on Monday, March 1, 2021. PCOO Philippine share prices continued their rally on Tuesday amid renewed optimism on the country’s economic recovery with the start of the rollout of anti-COVID-19 vaccines. The benchmark PSEi gained 46.57 points or 0.68% to 6,919.54 at the closing bell. The broader All Shares increased by 14.52 points or 0.35% to 4,179.92. “The local index climbed in a broad-based rally as stocks tied to the economic reopening jumped on vaccine optimism,” Regina Capital Development head of sales Luis Limlingan said.
BusinessWorld
March 2, 2021 | 9:00 pm
THE PESO strengthened against the greenback on Tuesday amid positive market sentiment on the back the gains in the local stock market.
The local unit closed at P48.565 per dollar on Tuesday, appreciating by 2.5 centavos from its Monday finish of P48.59 against the greenback.
The peso started the trading session at P48.58 per dollar. Its weakest showing was at P48.61 while its intraday best was logged at P48.50 versus the greenback.
Dollars traded increased to $856.94 million on Tuesday from $678.45 million on Monday.
The peso appreciated on Tuesday following three successive days of gains in the local stock market, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.
Philippine small-caps thrive in Asia s worst performing market bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Small stocks in the Philippines are thriving amid a surge in demand from retail investors, generating the best returns in Asia’s worst performing…
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