PSEi expected to rise as vaccines arrive
Philippine shares are expected to rise this week as investors anticipate the start of the government's COVID-19 vaccination program.
The PSEi increased by 38.91 points or 0.57% to close at 6,794.86 on Friday, while the broader all shares index rose 20.14 points or 0.49% to 4,120.30.
Despite the weekly gains, the PSEi declined by 46.14 points compared to its previous week's close of 6,841.48.
Investor optimism over the arrival of Sinovac vaccines on Sunday contributed to the positive sentiment in the market.
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