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Page 26 - ரெஜினா மூலதனம் வளர்ச்சி நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stocks slightly up despite COVID cases concerns

The local stock market managed to close in the green even as investors worry over the impact of rising COVID-19 cases in the country, particularly in Metro Manila. PSE file photo The PSEi gained 9.37 points or 0.14 percent to close at 6,728.55 with sectoral indices evenly mixed. Volume drop

PSEi up on bargain hunting

Photo credit: PSE Information Desk The main index advanced 41.49 points or 0.61 percent to close at 6,808.32 with only the Financials and Mining and Oil counters retreating. A total of 9.14 billion shares worth P11.07 billion changed hands as losers still beat gainers 155 to 72 with 34 unchanged. “The PSEi recovered further as buyers picked up shares of companies that took a beating at the beginning of the week,” said AAA Equities Head of Research Chris Mangun. He added that, “The sentiment improved slightly, as panic selling was calmed by the fact that new COVID-19 cases came in below the 3,000 mark yesterday. The slow recovery in employment for the month of January, emphasized  the importance of not returning to a hard lockdown.“

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