Stock market grows more optimistic

Published July 5, 2021, 9:30 AM
Stock market investors will be watching out for the June inflation figure to be released this week while becoming more optimistic as COVID-19 start to ease and the vaccination drive gains momentum with the arrival of vaccines ordered by the private sector.
PSE photo.
“The improving COVID-19 situation in the Philippines with the country already being classified as a low risk area by the Department of Health may help in sustaining positive sentiment next week,” said Philstocks Financial Senior Supervisor for Research Japhet Tantiangco.
AAA equities Head of Research Chris Mangun also noted that, “Optimism has outpaced cautiousness as vaccination progress outweighs the concerns of elevated COVID-19 cases (more than 5,000 per day).”

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