Outperforming regional markets, the local stock barometer firmed up on Friday on selective picking of large-cap stocks as investors hoped for the further easing of lockdown measures.
The main-share Philippine Stock Exchange index (PSEi) added 76.77 points or 1.12 percent to close at 6,926.41.
Presidential spokesperson Harry Roque said on Friday that the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) has backed proposals to shift the entire country to the less restrictive modified general community quarantine (MGCQ). President Duterte would issue a decision before the end of February.
“Note, however, that while the index could indeed trade on op…
Keep on reading: PSEi up 1.12% as market absorbs news on quarantine easing