The shares of Lucio Tan's MacroAsia Corp. finished among the top gainers in the previous trading week and recorded a double-digit week-on-week growth. MacroAsia soared by 6.25 percent or 33 centavos to close at P5.61 apiece on Friday, enabling the stock to surge by 14.7-percent week-on-week. The listed firm also reached its 30-day high of P5.66 on Friday. He noted that the recent easing of restrictions on leisure travel in the National Capital Region (NCR) Plus until June 15 might have "excited some investors." "Optimism on the economy's continued recovery has generated some optimism for stocks in this industry," Mangun explained in a text message.

Source: Manila Times June 06, 2021 17:11 UTC