Manila Bulletin
Stocks close flat again
The Philippine Stock Exchange index (PSEi) closed flat on Wednesday, September 23, 2020, shedding 1.56 points to settle at 5,892.72.
Only the Industrial and Holding Firms sectors ended in the green, with gainers barely edging out losers at 92 to 90.
Trading volume remained weak at 1.47 billion shares worth P4.45 billion.
Investors appeared to overcome worries about renewed coronavirus lockdowns in Europe and rising political uncertainty in the U.S., leading to a cautious market sentiment.
There is some concern that economic activity may be at its peak without additional mobility, despite the easing of restrictions on public transportation and the reopening of tourism-focused industries.
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