Business NEWS

The stock market started the week lower  as investors focused on the impact of the extended quarantine on local businesses.

Investors are seen to be turning cautiously optimistic following the Senate ratification of the Bayanihan to Recover as One Act (Bayanihan 2) economic stimulus package although risks remain as the daily tally of new COVID-19 cases remain high.

Local share prices dropped after investors were surprised government imposed a longer curfew than what was in effect prior to the supposed easing of quarantine measures. 

The local stock market rose again yesterday after Monday’s pause as investors cheered the easing of quarantine measures in the National Capital Region.

The local stock market was slightly lower yesterday ahead of the government’s decision whether to ease or extend quarantine measures in the National Capital Region.

Stock market investors will be eagerly waiting  on Monday night or Tuesday morning when the President is expected to announce whether quarantine measures will remain or if there will be some easing even though the number of new COVID-19 cases continues to rise.

The local stock market eased off from its four-day rally as investors cashed in while waiting to see of government will ease lockdown measures next week.

The local stock market jumped on continued optimism over the expected easing of quarantine measures. 

The local stock market continues to inch back towards the 6,000 level on imdications that government will resume the reopening of the economy. 

The tourism sector has sought for an ₱80-billion rescue package from the government after incurring ₱190-billion losses during the five-month quarantine period.

The local stock market improved yesterday on expectations that quarantine measures will be eased again by next week.

The local stock market rose further yesterday as sentiment was boosted by the US jobs report.

With sentiment dampened by the worse-than-expected economic recession, investors will be looking for cues from corporate earnings reports as well as COVID-19 case updates to gauge whether quarantine measures will be eased or tightened further.

The local stock market yesterday continued to regain lost ground as the announced economic recession was already expected. 

The local stock market bounced  Tuesday  from the steep fall in the previous session as investors picked up bargains. 

The local stock market weakened again yesterday after a two day break as investors preferred to hold on to cash ahead of the extended weekend.

The local stock market improved again yesterday on some window dressing although most investors are still cautious.

The local stock market resumed its downward trek yesterday after the previous day’s respite on growing concerns over the economic impact of the pandemic.