The local stock barometer climbed for the third consecutive session on Wednesday, driven by domestic bargain-hunters.
The main-share Philippine Stock Exchange index (PSEi) added 61.6 points, or 0.94 percent, to close at 6,651.71.
Bargain-hunting continued as the number of daily COVID-19 cases eased below 10,000 while investors continued to assess the impact of moderating inflation and its effects on growth and interest rates, said Luis Gerardo Limlingan, managing director at Regina Capital Development.
Despite the positive movement for the index in the past days, Papa Securities said it might be too soon to be overly optimistic, more so with a heavy resistance ahead at 6,700 to …
Keep on reading: PSEi closes up 0.94 as COVID-19 worries ease a bit