Bargain hunt pushes PSEi past 6,400

Bargain hunt pushes PSEi past 6,400

MANILA, Philippines — The benchmark Philippine Stock Exchange Index (PSEi) regained the 6,400 level on the last trading day of the week. This happened as investors hunted for cheap stocks and expressed optimism over “improved market operations.” By the end of the session on Friday, the PSEi had rallied by 1.71 percent, or 107.73 points.

PSE Index Ends Week Up On Bargain Hunting

The Philippine Stock Exchange (PSE) index rose Friday on bargain hunting, closing at its highest price point of 6,413.10 points—a gain of 107.73 points or 1.71 percent—with foreign investors once again as net buyers.