PSEi still down amid rising Covid cases

By Faye Almazan

Jan 08, 2022 12:16 am

THE Philippine index closed the trading week in the red as local Covid-19 cases continue to register an uptick, prompting stricter restrictions in the country.

The local stock barometer Philippine Stock Exchange index (PSEi) fell by 1.05 percent, or 74.41 points, to 7,011.11, while the wider All Shares lost 0.85 percent, or 31.97 points, to finish at 3,745.61 on Friday.

Large electric fans are put beside a tent where residents are waiting to get Covid-19 jabs at the Quezon Memorial Circle covered court in Quezon City on Friday, Jan. 7, 2022. Authorities continue to ramp up vaccination drives amid a surge in coronavirus infections. PHOTO FROM PNA

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