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Capital markets ‘doing very well’ despite pandemic PSE report By TED CORDERO, GMA News
Published December 18, 2020 2:42pm Despite the economic shock triggered by the COVID-19 pandemic, the Philippine equities market remained stable, according to a report by the Philippine Stock Exchange (PSE). In a report during a recent meeting of the industry overseer Capital Market Development Council (CMDC), the local bourse operator said the local stock market dipped by only 9.4%, closing at 7,080.62 as of December 2 this year, compared to the 2019 finish of 7,815.26. PSE president Ramon Monzon said the equities market has been steadily recovering since its unavoidable sharp decline to 4,623 in March when the government began imposing a Luzon-wide lockdown to curb the spread of the virus.
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Published December 19, 2020, 6:30 AM
The local equities market is “doing very well” despite the global economic shock triggered by the pandemic, the Department of Finance (DOF) said, citing a report of the Philippine Stock Exchange (PSE).
In a statement, the DOF quoted PSE President Ramon Monzon as saying that the Philippines’ equities market dipped by only 9.4 percent, closing at 7,080.62 as of December 2 this year, compared to the 2019 finish of 7,815.26.
The capital raising activities have also been “doing very well” especially last November, the DOF quoted Monzon during a recent meeting of the industry overseer Capital Market Development Council (CMDC).
PSE file photo (Photo credit: https://www.pse.com.ph)