The Philippine Stock Exchange index (PSEi) bounced back on Thursday after a ranking government official pushed for the reopening of a bigger part of the economy as COVID-19 infections turn manageable.
The PSEi gained 0.73 percent, or 51.77 points, to 7,154.43 while the broader all-shares index was up 0.42 percent, or 17.79 points, to 4,270.92.
Acting Socioeconomic Planning Secretary Karl Kendrick Chua said during an Inquirer webinar that the Philippine economy was strong enough to recover “if we enable it to do so.”
He also indicated that the government might eventually allow face to face classes in areas with low infections.
The positive response was most pronounced in the p…
Keep on reading: PSEi rebounds, gains 0.73%