The bellwether PSEi gained 87.67 points or 1.44% to 6,156.45 at the closing bell. The broader All Shares increased by 41.44 points or 1.15% to 3,635.78.
“The PSEi benchmark climbed further as sentiment was boosted by [Metro Manila] transitioning back to GCQ,” Regina Capital Development head of sales Luis Limlingan said.
Duterte ordered the return of Metro Manila, Bulacan, Cavite, Laguna, and Rizal to GCQ, starting August 19 until August 31.
To recall, the National Capital Region and its adjacent provinces were placed under modified enhanced community quarantine (MECQ) from August 4 to 18 following pleas from the medical community for a “time out” amid rising COVID-19 cases being admitted to hospitals.
Apart from NCR, Cavite, Laguna, Bulacan, and Rizal; the President also placed Nueva Ecija, Batangas, Quezon, Iloilo City, Cebu City, Lapu-Lapu City, Mandaue City, Talisay City in Cebu, and the municipalities of Minglanilla and Consolacion under GCQ.
The rest of the country will be under modified GCQ.
More than 9.761 billion shares valued at P5.957 billion, changed hands. Advancers led decliners, 117 to 71, and 43 issues were unchanged.
Courtesy of TED CORDERO, GMA News
Source: Peso Economics
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