The local stock barometer continued its winning streak for the third straight session on Thursday, retesting the 7,100 mark, as the reopening of the domestic economy helped stem the massive job losses seen in the early months of the pandemic.
The main-share Philippine Stock Exchange index (PSEi) racked up 113.51 points, or 1.6 percent, to close at 7,194.13, tracking mostly upbeat regional markets.
“Local shares closed higher as investors awaited word from Washington on a long-awaited COVID-19 financial relief bill. The Democratic front seems to have yielded on their insistence on a multitrillion dollar fiscal stimulus package, raising the odds that a deal can be reached before the …
Keep on reading: Investors see jobs data in positive light as PSEi breaks 7,100 barrier