After Monday’s bloodbath, the local stock barometer firmed up slightly on Tuesday on hopes for more coronavirus vaccine rollout.
The main-share Philippine Stock Exchange index (PSEi) added 6.62 points, or 0.1 percent, to close at 6,559.08.
Local equities reversed early losses to close in the green on news that the government had signed a supply deal for 30 million Novavax doses, said Luis Gerardo Limlingan, managing director at Regina Capital Development.
“Speculation is now arising as to how soon these vaccines will arrive. Meanwhile sentiment also got a boost as investors grew optimistic about the economic reopening from the pandemic worldwide, shaking off their losses from ea…
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