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Analyst: PH stock market still not out of the woods amid lockdown, rising COVID-19 cases

  • 📰 CNN Philippines
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'I think the market will still be a bit weak in the short term,' AP Securities broker Miko Sayo tells CNN Philippines.

Ending in red on Friday, the Philippine stock market is seen to remain weak in the coming days amid concerns on the newly implemented lockdown and spiking COVID-19 cases, according to an analyst.

While there were gains in the past days, these might not have a great impact on the local market, he added. Latest government data showed total COVID-19 infections in the country have reached 1,638,345, with the addition of 10,623 new cases.

 

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