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STOCKS CONTINUED to decline on Wednesday as investors kept taking profits and preferred markets that are expected to beat others in getting the coronavirus disease 2019 (COVID-19) vaccine.
PHILIPPINE SHARES are expected to see tempered gains this week after extended optimism in the past few days on the back of news on several coronavirus disease 2019 (COVID-19) vaccine candidates.
THE MAIN INDEX posted losses on Wednesday but remained above the 7,000 mark as some investors resorted to profit taking after Tuesday’s rally.
THE BELLWETHER Philippine Stock Exchange index (PSEi) stepped into the 7,000 level on Tuesday, reaching its highest level since February, as positive development on a possible coronavirus disease 2019 (COVID-19) vaccine improved investor sentiment across the globe.
THE MAIN INDEX logged its best finish since March on Thursday as it extended its rally for a fourth consecutive day.
LOCAL SHARES closed lower on Tuesday as the market’s sideways movement continued while investors await economic recovery indicators.