PSEi edges up as investors await lockdown decisions

The Philippine Stock Exchange Index (PSEi) closed slightly higher on Wednesday at 6,566.83, adding 7.75 points or 0.12 percent.

Investors remained cautious and on the sidelines due to concerns over a potential reimposition of stricter lockdown measures amid rising COVID-19 cases.

The government has restricted foreign entries and limited Filipino arrivals to 1,500 per day.

Market experts expect the PSEi to remain within the range of 6,500 to 6,600 until the end of the week.