PH Stocks Resume Rally

Manila—(PHStocks)—Philippine stocks recoup their losses from yesterday as investors scoop up shares on optimism of the country’s soon-to-be-released GDP growth figures.

The benchmark Philippine Stock Exchange (PSE) index went up by 0.96% or 69.74 points to close at 7,356.59—the highest close yet for this year.

All counters finished in the grene. The Holding Firms segment gained 1.3% while the Services went up by 0.66%. The wider All Shares index rose by 0.77%.

Volume turnover reached 5.15 billion shares valued at PhP9.88 billion. Foreign buying was PhP5.04 billion, while foreign selling reached PhP4.29 billion, for a net buy of PhP750 million.