The local bourse started off the week in positive territory as improved sentiment prompted it to breach the 5,900 level. The benchmark Philippine Stock Exchange Index (PSEi) gained 2.61 percent, or 150.76 points, to its intraday high of 5,935.85, while wider All Shares climbed 1.84 percent, or 64.28 points, to 3,558.01 on Monday. He explained the contracted July unemployment data of 10 percent from 17.7 percent in April somehow lessened macroeconomic concerns. Despite the almost 3-percent climb, the main index continued to experience net foreign selling at P841.39 million, marking its 14th consecutive day of outflows. All sectors in Manila ended in the green with the property index leading at 4.06 percent.

Source: Manila Times September 07, 2020 16:18 UTC