Inquirer
Bargain hunt pushes PSEi past 6,400
The Philippine Stock Exchange Index (PSEi) regained the 6,400 level on Friday, ending the week on a positive note.
The PSEi rallied by 1.71 percent, or 107.73 points, closing at 6,413.1.
Investor optimism was fueled by prospects for reform and improved market operations, alongside bargain hunting.
The broader All Shares Index also saw an increase, adding 1.04 percent.
The Philippine Stock Exchange Inc. announced it would adapt Nasdaq's Eqlipse trading platform to modernize the bourse.
Banks, particularly BDO Unibank Inc. and Bank of the Philippine Islands, registered the highest gains.
International Container Terminal Services Inc. was the most actively traded stock.
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