SHARE prices rose in active trading Monday, bouncing back from a last minute sell-off Friday, as market dismissed the impact of the tragedy that happened at the Resorts World Manila. “I think after the weekend, explaining what happened at Resorts World, I expect the market to rally from the drop and continue the consolidation due to the market softness last Friday,” Harry Liu, president of Summit Securities Inc., told The Manila Times. A lone gunman, who was identified by police as Jessie Carlos, 43, forced himself into the casino-hotel and entertainment complex Resorts World Manila early Friday, firing shots with an M4 automatic rifle and setting gambling tables on fire. The bellwether PSEi climbed 1.62 percent or 128.27 points to close at 8,035.93 by the noonbreak. “The tax reform package gained traction,” Limlingan said.

Source: Manila Times June 05, 2017 06:45 UTC