Vaccines, earnings growth to push PH markets up in 2021

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The investment banking arm of the Metrobank Group is “cautiously optimistic” this 2021, as vaccine news and public spending are poised to somewhat bring back the billions of pesos wiped out by the pandemic last year.

forecasted that the Philippine Stock Exchange index may end somewhere between 7,800 to 8,100 this year, as vaccine roll outs and the reopening of businesses revive the recession-hit economy.The index went on a meltdown when the lockdowns were imposed last March 2020, triggeringThe recovery of Philippine shares will be supported by corporate earnings growth, seen to rise by as much as 29% in 2021.

For instance, Abola said that while some 5.6 million jobs returned since the 8.9 million dip last April, it still meant that some 3.3 million Filipinos

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines