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PSEi rebounds 2.13% as investors snap up bargains
Philippine Daily InquirerPhilippines · ASIA
MANILA, Philippines — Local stocks snapped a three-session losing streak on Tuesday as investors bought battered shares, supported by a recovery in regional markets despite the peso’s slide past P64 a...
MANILA, Philippines — Local stocks snapped a three-session losing streak on Tuesday as investors bought battered shares, supported by a recovery in regional markets despite the peso’s slide past P64 against the dollar. The benchmark Philippine Stock Exchange Index (PSEi) climbed 120.01 points, or 2.13 percent, to close at 5,761.19. READ: Peso closes beyond 64 Luis Limlingan, head of sales at Regina Capital Development Corp., attributed the advance mainly to bargain hunting following the recent selloff. “Trading activity may also have been influenced by WisdomTree’s portfolio rebalancing, which likely drove some stock-specific movements,” Limlingan said. “However, sentiment is expected to remain […]...
Keep on reading: PSEi rebounds 2.13% as investors snap up bargains
Keep on reading: PSEi rebounds 2.13% as investors snap up bargains