Stocks finally bounce from losses

Published July 28, 2020, 10:00 PM

by James A. Loyola

The local stock market broke its losing streak yesterday as investors picked up bargains late in the session.

The Philippine Stock Exchange index (PSEi) gained 66.17 points or 1.13 percent to close at 5,927.11 with all sectors advancing.

Volume improved slightly to 1.96 billion shares worth P4.31 billion as gainers and losers were tied at 97 each with 45 unchanged.

“Local shares reversed earlier losses as investors watched US lawmakers haggle over a coronavirus rescue program and braced for the busiest week of earnings season,” said Regina Capital Development Corporation Managing Director Luis Limlingan

 
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