The local stock barometer ended the week on an upbeat note as a bipartisan deal on new US infrastructure spending boosted risk-taking across regional markets.
The Philippine Stock Exchange index (PSEi) gained 64.51 points or 0.94 percent to close at 6,950.51.
For the week, the PSEi managed to advance by 99.13 points or 1.44 percent.
“Philippine shares made another climb towards the 7,000 level after the new infrastructure framework drafted by a partisan group of US senators roused the market and after the conclusion of the latest BSP (Bangko Sentral ng Pilipinas) meeting,” said Luis Gerardo Limlingan, managing director at stock brokerage Regina Capital Development.
As widely …
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