BusinessWorld
June 9, 2021 | 9:00 pm
PHILIPPINE shares closed higher on Wednesday as investors were optimistic about the country’s improving coronavirus disease 2019 (COVID-19) situation.
The Philippine Stock Exchange index (PSEi) climbed 92.82 points or 1.36% to end at 6,902.54 on Wednesday, while the broader all shares index gained 43.08 points or 1.04% to 4,160.21.
“The market ended higher [on Wednesday]… as participants feel optimistic over the COVID-19 situation in the country, and as foreigners continue to be net buyers in the local bourse,” Timson Securities, Inc. Trader Darren Blaine T. Pangan said in a Viber message.
“We think investors, at this point, continue to keep focus on improving prospects for the months ahead given the continuing pickup in vaccinations, and further relaxation of business and mobility restrictions,” China Bank Securities Corp. Research Director Rastine Mackie D. Mercado said in an e-mail.
Philippine stocks drop as investors pocket gains
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NPLs, economic recovery to guide bank stocks
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BusinessWorld
May 27, 2021 | 9:00 pm
PHILIPPINE shares rallied for a third straight day on Thursday as the possibility of the government approving another round of stimulus and the MSCI rebalancing boosted market sentiment.
The 30-member Philippine Stock Exchange index (PSEi) gained 323.90 points or 5.1% to close at 6,665.14 on Thursday, while the all shares index also went up by 135.53 points or 3.47% to finish at 4,034.92.
“The local market rallied this Thursday… on the back of optimism towards more fiscal stimulus for the Philippine economy,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.
The House of Representatives approved the second reading House Bill 9411 or the Bayanihan to Arise as One Bill, it is due for third and final reading next week.
PSEi recovers, peso sideways
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