MANILA -The Philippine Stock Exchange index (PSEi) ended a three-day losing streak on Friday, returning to the 6,500 level, as US debt ceiling concerns eased. The benchmark PSEi climbed by 1.27 percent, or 81.43 points, to close at 6,512.01 while the broader All-Shares index rose 0.9 percent, or 31.02 points, to settle at 3,474.87. "The local bourse gained 81.43 points ... after U.S. lawmakers passed a bill to raise the debt ceiling and cap government spending for two years---days before the default deadline," said Claire Alviar, Philstocks Financial Inc. assistant manager for research and online engagement. Favorable factory data Alviar said that improved U.S. factory output rep...
Keep on reading: PSEi rebounds to 6,500 as US debt jitters ease
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Keep on reading: PSEi rebounds to 6,500 as US debt jitters ease
from INQUIRER.net https://ift.tt/DEuKqYa
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