Philippine News Agency
Stocks rise, peso flat amid Covid-19 concerns
The Philippine peso closed flat on Monday, February 17, 2020, while the stock market experienced a rise, despite ongoing concerns about the novel coronavirus (COVID-19).
The Philippine Stock Exchange index (PSEi) increased by 0.62 percent, or 44.85 points, to close at 7,326.85.
Gainers led decliners with 107 stocks advancing compared to 77 that declined.
This positive market sentiment was influenced by decreasing COVID-19 case numbers and measures taken by Chinese authorities, alongside a statement from the White House indicating the situation was under control.
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