The local stock barometer inched up for the fifth session in a row on Wednesday, tracking mostly buoyant markets in the region.
The Philippine Stock Exchange index (PSEi) added 16.6 points, or 0.24 percent, to close at 7,082.15.
“The PSEi continued higher today as more investors turned optimistic, brought by a decline in new global COVID-19 cases. This renewed optimism has encouraged investors that were on the sidelines to take a second look at the market. Even foreign investors were net-buyers today after months of heavy selling,” said Christopher Mangun, head of research at AAA Equities.
There was P122.86 million worth of net foreign buying for the day. Value turnover amounted…
Keep on reading: PSEi continues climb as more investors turn optimistic