The stock barometer climbed past the 6,500 mark on Thursday as investors took heart from the rollout of COVID-19 vaccines in the Philippines.
The main-share Philippine Stock Exchange index (PSEi) added 83.99 points or 1.29 percent to close at 6,581, gaining for the third straight session.
“The PSEi rallied further, led by gains in large-cap holding firms. The decline in new COVID-19 cases reported [on Wednesday] as well as progress on the rollout of vaccines may have improved the sentiment,” AAA Equities head of research Christopher Mangun said.
New record
A total of 6,666 new COVID-19 cases were reported on March 24, still much higher than the previous months albeit lower than t…
Keep on reading: Vaccine optimism fuels PSEi vigor for 3rd straight day