Bargain hunting lifts PSEi before rate decision - BusinessWorld Online

Bargain hunting lifts PSEi before rate decision - BusinessWorld Online

STOCKS closed higher on Wednesday as investors bought cheap stocks after the market’s three-day slide and before the Bangko Sentral ng Pilipinas’ (BSP) policy meeting, where a rate cut is widely expected. The benchmark Philippine Stock Exchange index (PSEi) rose by 0.41% or 26.22 points to close at 6,394.77, while the broader all shares index went up by 0.41% or 14.76 points to end at 3,542.05. “The thinly-traded Philippine market snapped a thre…

PSE Index Up on Bargain Hunting

The Philippine Stock Exchange (PSE) index closed higher on bargain hunting, as investors brushed aside early-session jitters and returned before the close, lifting the benchmark by 26.22 points, or 0.41%, to 6,394.77.