PSEi rises further as PH trims budget deficit

The benchmark Philippine Stock Exchange index (PSEi) extended gains on Wednesday after the government released data showing a narrower budget deficit in September. The PSEi rose 0.79 percent, or 48.12 points, to 6,121.53 while the broader All Shares index added 0.31 percent, or 10.15 points, to 3,243.27. The Bureau of the Treasury said the budget deficit was slightly down to P179.8 billion from P180.9 billion. (See related story on page B1) "[T]he economy reopened further toward greater normalcy that fundamentally boosted tax revenue collections on a year-on-year basis, while also somewhat reducing the government's COVID-related expenditures since there are no more large-scale l...

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