PSEi gains as vaccination drive fuels optimism in market

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The benchmark Philippine Stock Exchange Index (PSEi) continued its winning streak yesterday on optimism on the recovery of the broader economy with the government’s vaccination drive.

By the closing bell, the PSEi was up 0.34 percent, or 23.22 points, to 6,942.76 while the all-shares index gained 0.16 percent, or 6.84 points, to 4,186.76.

This is the fourth straight session of gains for the PSEi.

Malacaang confirmed after trading hours on Wednesday that vaccines developed by AstraZeneca were set to arrive in the Philippines today.

Subsectors were mixed despite the overall sentiments at the main index. Subcounters were mostly in negative territory led by mining and oil, servic…

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