5 months PSEi nears 7,800 on bargain-hunting Manilatimes |Biz
THE stock market rose further on Wednesday, with analysts pointing to bargain-hunting as having lifted the index. The bellwether Philippine Stock Exchange index (PSEi) rose by 0.47 percent or 36.46 points to close at 7,797.75, while the wider All Shares grew 0.31 percent or 14.74 points to finish at 4,804.79. “PSEi closed higher…on the back of bargain-hunting, fueled by a better competitive ranking from the International Institute for Management Development (IMD),” online brokerage firm Philstocks Financial Inc. said in a market note.Advertisements
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