Friday, December 3, 2021

The benchmark Philippine Stock Exchange index (PSEi) continued to recover lost ground on Friday, bolstered by the strong rebound in Wall Street overnight despite lingering worries over the Omicron variant. By the closing bell, the PSEi gained 0.32 percent, or 22.65 points, to 7,055.19 while the broader all-shares index rose 0.47 percent, or 17.70 points, to 3,790.20. US indices were up sharply after a selloff the previous night even as another case of Omicron was detected on Thursday. World Health Organization Regional Director for the Western Pacific Dr. Takeshi Kasa said border closures could buy time and delay the spread of the virus but countries should brace for new surges....

Keep on reading: PSEi rides on Wall Street surge following Omicron debacle
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December 03, 2021 No comments » by Any Ideas Are Welcome
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