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THE benchmark index ended its four-day winning streak, closing in the red on Thursday on profit taking following developments in the coronavirus disease 2019 (COVID-19) situation in the country.
LOCAL SHARES climbed further on Wednesday on last-minute bargain hunting as optimism over the start of the government’s vaccination program continued to lift the market.
LOCAL STOCKS climbed on Monday as investors chose to stay in the market after yields on US bonds surged last week.
LOCAL SHARES are expected to correct today as February ends, with the month seeing the market underperforming amid local and global developments.
THE BENCHMARK Philippine Stock Exchange index (PSEi) inched up on Tuesday after President Rodrigo R. Duterte said Metro Manila’s shift to a modified general community quarantine (MGCQ) will only be possible once the country starts its vaccination program.
STOCKS are expected to climb this week as the market anticipates the possible easing of quarantine restrictions and updates on the national vaccine indemnification fund.
PHILIPPINE SHARES fell on Wednesday as concerns over the Taal volcano recent activity and the peso’s weakness caused the market to become cautious.
THE MARKET is expected to trade sideways this week as investors look forward to the start of the government’s coronavirus disease 2019 (COVID-19) vaccination program and following the central bank’s decision to keep interest rates at their current record lows.
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LOCAL SHARES ended lower on Monday as investors engaged in profit taking and amid a lack of positive catalysts for the market.