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Stocks rise after restrictions eased

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Local shares prices jumped after the government eased quarantine restrictions by a notch as the number of new COVID cases declined.

The main index gained 114.19 points or 1.62 percent to close at 7,183.11 as Holding Firms and Property stocks led the advance across the board.Volume improved to 1.0 billion shares worth P10.28 billion as gainers beat losers 111 to 86 with 45 unchanged.

He noted that, “For the first time since lockdown, entertainment venues such as cinemas will now be allowed to take in guests as well. The alert level system however remains in effect only in Metro Manila and will be monitored for the next few days.

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