Philippine shares expected to remain volatile
Philippine shares are expected to remain volatile as the market closely monitors the country's rising COVID-19 cases and vaccination progress.
On Friday, Aug 13, the PSEi dropped by 236.38 points or 3.6%, closing at 6,320.19, marking its worst fall since June 15, 2020.
The decline was primarily due to index rebalancing rather than concerns over rising COVID-19 cases, with major stocks like AGI, SMC, and Jollibee seeing reduced weights.
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