Shares rebound on bargain hunting; peso ends sideways
MANILA - Local shares bounced back on Thursday as bargain hunters looked for markets with no presence yet of the Omicron variant of the coronavirus disease 2019 (Covid-19), while the peso ended the day's trading almost unchanged. After dipping below the 7,000-level on Wednesday, the Philippine Stock Exchange index (PSEi) rebounded to 7,032.54, increasing by 85.48 points, or 1.23 percent. All Shares increased by 38.12 points, or 1.02 percent, to 3,772.50. All counters gained during the day's trading, led by Mining and Oil, finishing at 9,468.83 points, followed by Industrial, Holding Fi...
Source: philippinetimes.com