PSEi falls 1.57% on Holy Week, ECQ worries

The Philippine Stock Exchange Index (PSEi) fell by 1.57% on Wednesday, closing below 6,500 due to investor caution ahead of the Holy Week and concerns over potential lockdown extensions.

Rising coronavirus cases have led to stricter lockdown measures in Metro Manila and nearby provinces, causing investors to offload positions.

Uncertainty about the extension of these restrictions is a major concern for investors, as it could further hinder economic recovery.