Cruz said in a text message, adding that the market is anticipating eased quarantine restrictions in Metro Manila. “Market sentiment was buoyed by news that NCR (National Capital Region) and nearby urban areas might become at low risk from the pandemic by the end of October amid decreasing infections,” Mr. ![]() Cruz said shares “leaped above the 7,100 level on renewed optimism in the economy.” ![]() It was also the PSEi’s highest close since the 7,140.29 recorded on Jan. This was the biggest one-day percentage increase since the 3.23% logged on June 2. The Philippine Stock Exchange index (PSEi) gained 217.15 points or 3.14% to close at 7,124.01 on Monday, while the broader all shares index climbed 85.38 points or 1.96% to 4,423.90. ![]() THE main index surged to the 7,100 level on Monday on optimism about the economy’s prospects on the back of the improving coronavirus disease 2019 (COVID-19) situation in the country.
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