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Stocks plunge as COVID cases worsen
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
COVID surge to weigh down stocks
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
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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