PH Stocks Rebound; PSEi Close Shy of 7,000

Manila—(PHStocks)—Philippine stocks recovered today, 15 October, after three days of declines. The benchmark Philippine Stock Exchange (PSE) index closed 0.65% higher or 45.13 points to 6,991.19 after breaching the 7,000-mark early in the session.

All counters were back in the green, led by the Mining and Oil (1.41%) and Property (1.15%) sectors. The Services index went up by 0.91%. The All-Shares index was 0.54% higher to 4,158.29.

Trading was heavy on bargain hunting. Volume reached 15.4 billion, valued at PhP12.52 billion. Foreign buying totaled PhP4.91 billion while foreign selling reached PhP4.69 billion, for a net buy of PhP220 million.

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