Manila Bulletin
PSEI higher but more stocks declined
The Philippine Stock Exchange index (PSEi) gained 22.73 points, or 0.39 percent, on Monday, closing at 5,861.39 points.
Investors adopted a cautious stance ahead of government announcements regarding quarantine restrictions and looked for bargains.
Trading volume remained tepid, with below-average turnover, indicating investor hesitation.
Market analysts noted the PSEi ended slightly higher but mainly flat on very low trading volumes as investors wait for more signs of the economy's recovery.
Specific subsectors like Mining & Oil and Property experienced declines, while other sectors showed positive performance.
The market saw more decliners than gainers, with 113 companies falling compared to 88 that rose, and 38 remaining unchanged.
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