MANILA – Risk-on sentiments continue to boost the financial market on positive news about the developments of possible vaccines against the coronavirus disease 2019 (Covid-19) including on economic recovery outlook as more areas continue to ease restrictions.
The Philippine Stock Exchange index (PSEi) rose by 0.40 percent, or 22.53 points, to 5,604.49 points.
All Shares followed with a rise of 0.10 percent, or 3.49 points, to 3,374.96 points.
However, it was a mix among the sectors with Holding Firms, Industrial, and Services counters rising by 1.35 percent, 0.66 percent, and 0.48 percent, respectively.
Financials fell by 0.99 percent, Property by 0.85 percent, and Mining and Oil by 0.27 percent.
Volume totaled to 450.18 million shares amounting to PHP4.73 billion.
Losers surpassed gainers at 86 to 75, while 57 shares were unchanged.
While sentiments continue to improve due to news on the development of vaccines against Covid-19, Regina Capital Development Corporation head of sales Luis Limlingan said the World Health Organization (WHO) has raised concerns on the rising Covid-19 cases in low and middle-income countries.
Meanwhile, the peso ended sideways to a US dollar at 50.61 Thursday from 50.65 a day ago.
It opened the day at 50.59, way better than its 50.7 start Wednesday.
It traded between 50.63 and 50.52, resulting in an average of 50.582.
Volume totaled to USD778.6 million, lower than the USD919.2 million a day ago. (PNA)
