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.
Stock prices fall on infection spike, lack of leads 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.
BusinessWorld
April 16, 2021 | 4:41 pm
SHARES declined on Friday as the slow progress of the government’s coronavirus disease 2019 (COVID-19) vaccination program clouded market sentiment.
The 30-member Philippine Stock Exchange index (PSEi) went down by 45.15 points or 0.69% to close at 6,494.81 on Friday, while the broader all shares index fell by 16.07 points or 0.4% to 3,981.51.
Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said the index declined as investors pocketed their gains from the market’s two-day climb.
“Market sentiment is still weighed by pandemic concerns,” Mr. Tantiangco added in a Viber message. “Uncertainties towards the pace of the COVID-19 vaccine rollout here in the Philippines is also denting investor confidence.”
Shares sink further as coronavirus case tally rises 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.
PSEi bleeds as government implements stricter quarantine restrictions gmanetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmanetwork.com Daily Mail and Mail on Sunday newspapers.