Philippine News Agency
Stocks rise anew, peso ends sideways
The Philippine Stock Exchange index (PSEi) recovered on Thursday, gaining 0.26 percent to close at 6,884.77 points.
This rise was influenced by global efforts to avert an economic slowdown due to the coronavirus disease 2019 (Covid-19).
The World Bank and the International Monetary Fund announced aid packages for low-income and emerging economies affected by the epidemic.
The US Congress also allocated an USD8-billion funding plan to counter the impact of Covid-19.
These measures boosted investor sentiment, leading to gains in most sectors, with Industrial leading the rise.
The All Shares index also increased by 0.14 percent, closing at 4,094.87 points.
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