The local stock barometer ended a tad higher on Wednesday, bucking mostly sluggish regional markets as investors remained on the sidelines, waiting for the government’s decision on whether to reimpose tighter lockdown protocols.
The main-share Philippine Stock Exchange index (PSEi) added 7.75 points or 0.12 percent to close at 6,566.83.
“The market held its ground again today and ended flat on lighter selling pressure,” said Christopher Mangun, head of research at AAA Equities.
“Despite the decrease in selling, buyers were not willing to come in with confidence, which is why the recovery in prices was minimal. There is still a lot of concern regarding the possibility of a hard l…
Keep on reading: Market holds ground as selling pressure eases