MANILA, Philippines — The stock market opened the week on a positive note, with the main composite index rising by 8.83 points or 0.12 percent to close at 7,178.62. Likewise, the broader All Shares index finished at 4,254.26, up 34.87 points or 0.82 percent. Traders said the stock market booked minor gains, but still a welcome respite from previous months of worrisome market performance. We saw a wave of selling right before the close as investors rushed to take profits from the extended rally,” said Chris Mangun of AAA Equities. At the same time, he said the main index will decline further in the coming days as profit-taking ensues.

Source: Philippine Star November 23, 2020 15:56 UTC