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BusinessWorld February 24, 2021 | 9:00 pm PHILIPPINE SHARES closed in the red on Wednesday as investors processed President Rodrigo R. Duterte’s decision to keep Metro Manila under strict quarantine measures until the country’s inoculation program begins. The Philippine Stock Exchange Index (PSEi) declined by 58.72 points or 0.86% to close at 6,755.95, while the broader all shares index fell 41.56 points or 1% to end at 4,100.16. “Investors still digested the decision of the government of rejecting to place the entire country under modified general community quarantine without the coronavirus disease 2019 (COVID-19) vaccine rollout,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message.

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