Philippine Stocks Rise as Vaccination Rollout Boosts Optimism

The Philippine Stock Exchange Index (PSEi) continued its winning streak on Wednesday, rising by 0.34 percent to close at 6,942.76 due to optimism about the government's vaccination program.

Malacañang confirmed that AstraZeneca vaccines were set to arrive in the Philippines on Wednesday.

Despite overall positive sentiment, sectoral performance varied with Holding Firms leading gains and Services trailing slightly.

The peso ended flat against the US dollar at 48.59, influenced by the arrival of Sinovac's CoronaVac vaccine and the start of inoculations.