PSEi rises on likely lockdown easing – The Manila Times

The stock market continued to post slight gains on Thursday after investors were encouraged by the growing likelihood that the government would ease the modified enhanced community quarantine it imposed on Metro Manila next month.

Diversified Securities Inc. trader Aniceto Pangan said the recommendation of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases’ to place the country’s capital under general community quarantine boosted investor sentiment. “Still, net foreign selling [was] at more than P478 million, and [with value transactions] only at P4.471 million, [which is] below [the] average, [this indicates] that most investors are [still] on [the] sidelines,” Pangan said.

The local bourse also took cues from Wall Street’s rally overnight amid optimism about the reopening of economies around the world, he added.

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