PSEi breaches 6,900 level on vaccine rollout devt

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Sumary of PSEi breaches 6,900 level on vaccine rollout devt:

  • The Philippine index closed in to the territory of 6,900 on Wednesday amid optimism on the developments in the country’s vaccine rollout and the release of more economic data..
  • senior research analyst Japhet Tantiangco attributed the market’s jump to the optimism from the developments in the country’s inoculation program..
  • “This includes the start of the vaccination drive for our economic frontliners, as well as the progress on our vaccine procurement, with 3.2 million doses expected to arrive as per our vaccine czar Secretary Carlito Galvez Jr.,”.
  • AAA Equities head of research Christopher Mangun, meanwhile, said the market rebounded after the release of trade data and manufacturing output for April….

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