PSEi climbs past 6,500 on vaccine rollout progress
The Philippine Stock Exchange index (PSEi) climbed past the 6,500 mark on Thursday for the third straight day, gaining 83.99 points or 1.29% to close at 6,581.
Investor sentiment improved due to progress in vaccine rollout and a decline in new COVID-19 cases reported earlier in the week.
The government outlined more details on its vaccination plans, including schedules for vaccine arrivals from various suppliers such as Sinovac, AstraZeneca, Moderna, and Sputnik V.
On Wednesday, an additional 400,000 doses of Sinovac vaccine arrived at NAIA, boosting market optimism.
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