Market Wrap: Pandemic reality check slaps PSEi back to 6,900

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Philippine shares slump on rising COVID-19 infections. But Dennis Uy and Manny Villar companies report some recovery in the 3rd quarter.

fell 0.7%, sliding back to the 6,900 level on Monday, November 16, as COVID-19 cases continued to rise around the world.

A total of 2.36 billion shares valued at P8.77 billion changed hands. Foreigners sold more shares than they bought, bringing net foreign selling to P1 billion. Contributors to the conglomerate's profits were Metrobank, with a net income of P11 billion, and Toyota Motor Philippines, with profits of P2.2 billion.

 

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