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  • One month has passed since economic activities in the country have practically shut down due to the enhanced community quarantine being enforced by the national government.

    The stock market has already lost as much as 47 percent this year when the PSE Index fell to a nine-year low of 4,039 from 7,742 at the start of the year.

    Although the market has recovered somewhat on low volume turnover by 36 percent to 5,510 to date, there are no clear signs yet that the market has already bottomed out as uncertainty still lingers. No one knows when this pandemic will finally be over. It may take some time, possibly several months before this crisis comes to an end.

    In the meantime, while the government-imposed community quarantine remains in effect, suspension of business activities means significant losses for many companies. Gloomy earnings expectations brought about by the crisis may cause the market to fall again and test its recent low.

    But amidst the risks of another downturn in the market, there are few companies, which belong to recession-proof industries, that may likely survive and even thrive during these trying times.

    • Healthcare workers
    • Government employees
    • Service workers in pharmacies, drug stores, and death care service establishments
    • Barangay officials

    If you are looking for opportunities to invest and build your portfolio, here are the top five stocks that you can buy during this crisis.

    What other parents are reading

    One month has passed since economic activities in the country have practically shut down due to the enhanced community quarantine being enforced by the national government.

    ADVERTISEMENT - CONTINUE READING BELOW

    The stock market has already lost as much as 47 percent this year when the PSE Index fell to a nine-year low of 4,039 from 7,742 at the start of the year.

    Although the market has recovered somewhat on low volume turnover by 36 percent to 5,510 to date, there are no clear signs yet that the market has already bottomed out as uncertainty still lingers. No one knows when this pandemic will finally be over. It may take some time, possibly several months before this crisis comes to an end.

    In the meantime, while the government-imposed community quarantine remains in effect, suspension of business activities means significant losses for many companies. Gloomy earnings expectations brought about by the crisis may cause the market to fall again and test its recent low.

    But amidst the risks of another downturn in the market, there are few companies, which belong to recession-proof industries, that may likely survive and even thrive during these trying times.

    • Healthcare workers
    • Government employees
    • Service workers in pharmacies, drug stores, and death care service establishments
    • Barangay officials

    If you are looking for opportunities to invest and build your portfolio, here are the top five stocks that you can buy during this crisis.

    CONTINUE READING BELOW
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