PSEi recovers on bargain hunting

MANILA, Philippines – Local stocks rebounded on Thursday as bargain hunting in blue-chip stocks and easing global oil prices lifted investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) climbed 1.33 percent, or 79.69 points, to close at 6,071.06, recovering from the previous session’s decline. READ: US-Iran deal: When will oil prices fall? Philstocks Financial Inc. research manager Japhet Tantiangco said investors took advantage of lower share prices, with buying concentrated on International Container Terminal Services Inc. (ICTSI), one of the index’s biggest components. “Market participants showed renewed buying interest, particularly in blue-chip stocks that experienced declines in the previous […]... Keep on reading: PSEi recovers on bargain hunting