PSEi climbs back to 6,000 on Middle East hopes

PSEi climbs back to 6,000 on Middle East hopes

MANILA, Philippines — Local stocks bounced back on Wednesday, with the main index retesting the 6,000 mark as investors tracked gains on Wall Street and monitored developments in the Middle East. The Philippine Stock Exchange Index (PSEi) rose 0.84 percent or 50.25 points, to close at 6,063.35. Philstocks financial research manager Japhet Tantiangco said the local market took cues from the overnight rally in the United States equities, amid hope…

PSE Index Rises on Hopes of Easing Middle East Tensions

The Philippine Stock Exchange (PSE) index rose on Wednesday, gaining 50.25 points or 0.84 percent to close at 6,063.35, as optimism over easing tensions in the Middle East lifted investor sentiment.