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BusinessWorld June 9, 2021 | 9:00 pm PHILIPPINE shares closed higher on Wednesday as investors were optimistic about the country’s improving coronavirus disease 2019 (COVID-19) situation. The Philippine Stock Exchange index (PSEi) climbed 92.82 points or 1.36% to end at 6,902.54 on Wednesday, while the broader all shares index gained 43.08 points or 1.04% to 4,160.21. “The market ended higher [on Wednesday]… as participants feel optimistic over the COVID-19 situation in the country, and as foreigners continue to be net buyers in the local bourse,” Timson Securities, Inc. Trader Darren Blaine T. Pangan said in a Viber message. “We think investors, at this point, continue to keep focus on improving prospects for the months ahead given the continuing pickup in vaccinations, and further relaxation of business and mobility restrictions,” China Bank Securities Corp. Research Director Rastine Mackie D. Mercado said in an e-mail.

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