MANILA, Philippines — The local stock market will continue to trade with caution as the COVID-19 situation in the country remains precarious, according to traders. “The added economic strain of 2021 restrictions have also also impacted 2022 numbers, with expectations sitting at 7.2 percent from 8.9 percent. As the pandemic remains a developing story, vaccination progress and fiscal stimulus are also likely to influence projects down the line. The PSEi managed to gain for the second week last week, up by 102.08 points or up 1.6 percent after the previous week’s 1.5 percent. Since the start of 2021, the PSEi had declined by 8.3 percent, said Michael Ricafort of Yuchengco-owned Rizal Commercial Banking Corp.

Source: Philippine Star April 11, 2021 15:56 UTC