MANILA, Philippines — Local stocks snapped a two-day losing streak on Thursday as bargain hunting offset continuing geopolitical risks and a weaker peso. The benchmark Philippine Stock Exchange Index (PSEi) edged up 0.24 percent, or 15.27 points, to close at 6,283.12. READ: Philippine Peso revisits record low on Mideast flare-up Philstocks Financial Inc. research manager Japhet Tantiangco said the market’s rebound was driven mainly by bargain hunting after recent losses. Luis Limlingan, head of sales at Regina Capital Development Corp., said investors took advantage of lower appraisal, leading to renewed buying interest across selected sectors. Selective buying “The rebound reflected […]...Keep on reading: PSEi snaps 2-day slide on bargain hunting
PSEi snaps 2-day slide on bargain hunting