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THE MAIN INDEX broke into the 5,800 level at the end of Friday’s session as bulls flocked to the market on optimism over the easing of the lockdown in Metro Manila starting next week.
LOCAL SHARES are seen to decline this week on lasting worries about second waves of the coronavirus disease 2019 (COVID-19) pandemic.
THE MAIN INDEX sustained its uptrend at the close of trading on Wednesday on last-minute bargain hunting amid expectations of further stimulus from the US government.
WORRIES of a worsening economy left investors wary, pulling down the 30-member main stock index to close lower a day after the country saw a contraction in gross domestic product (GDP) that ended a 21-year growth streak.
THE MAIN INDEX marked its third straight day of decline on Wednesday as the market was taken over by profit taking.
PHILIPPINE SHARES continued to fall on Tuesday as investors reacted to the historic drop in oil prices to new lows overnight.
THE LOCAL market ended on a positive note on Friday on news that the Bangko Sentral ng Pilipinas (BSP) cut its policy rates by another 50 basis points (bps) to support the economy, which is struggling from the impact of the coronavirus disease 2019 (COVID-19) pandemic.