3 weeks Bourse gets boost from bargain hunting Manilatimes |Biz
The stock market closed the week higher after investors again looked for bargains. The benchmark Philippine Stock Exchange index (PSEi) rose by 1.11 percent or 65.57 points to finish at another intraday high of 5,967.96 while the wider All Shares gained 0.67 percent or 23.82 points to end at 3,577.38. Philstocks Financial Inc. research analyst Claire Alviar credited the bargain hunting, and the performance of some heavyweight companies, including SM Investments Corp., for the lift in the market after declining for two straight days. The Sy-led holding company ended the day among the top gainers with 2.84 percent. But ... more