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BusinessWorld
February 19, 2021 | 5:37 pm
LOCAL SHARES ended the week higher amid a recommendation to place Metro Manila under eased restriction measures as the government finalizes its vaccination program.
The benchmark Philippine Stock Exchange (PSEi) gained 76.77 points or 1.12% to finish at 6,926.41 on Friday. The all shares index also rose 28.51 points or 0.68% to close at 4,199.
“The market rebounded today, perhaps aided by the possible call to go to MGCQ (modified general community quarantine). Also the market found some support near the 6,800 zone after correcting for almost five days,” COL Financial Group, Inc. Chief Technical Analyst Juanis G. Barredo said in a Viber message on Friday.