Inquirer
Bargain hunting lifts PSEi back to 6,700
The Philippine Stock Exchange index (PSEi) climbed by 0.66 percent to close at 6,724.82 on Tuesday, reclaiming the 6,700 level due to bargain hunting.
Foreign investors contributed to the market's rise, with net purchases reaching P1.34 billion.
Despite a dip in foreign direct investments to their lowest in over four years in September, the bourse gained.
The Financials sector was the only counter that closed in the red, with BDO Unibank Inc. declining by 0.65 percent and Bank of the Philippine Islands (BPI) by 0.08 percent.
Mining and Oil was the top-performing sector, surging by 1.32 percent, followed by Holding Firms, Services, Industrial, and Property sectors.
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