Manila Bulletin
PH stocks surge anew
The Philippine Stock Exchange Index (PSEi) surged 2.71 percent to close at 6,278.59, marking its highest rally since June 4, 2020.
Investors were optimistic due to progress in US stimulus package negotiations and the Philippine government's steps to reopen the economy.
All sectors rose, led by the Financials counter, with strong trading volume and a significant number of gainers.
Foreign investors turned net buyers with inflows of P343.2 million, ending a 28-day net foreign selling streak.
The PSEi broke above its 6,030 daily resistance level, indicating continued investor optimism for economic recovery.
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