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Tracking the rebound of US markets, the country's stock barometer reversed early losses to make a decent footing near the 8,600 level on Wednesday. The main-share Philippine Stock Exchange index (PSEi) rose by 27.97 points or 0.33 percent to closMarket on the prowl, settles near 8,600
Tracking the rebound of US markets, the country's stock barometer reversed early losses to make a decent footing near the 8,600 level on Wednesday. The main-share Philippine Stock Exchange index (PSEi) rose by 27.97 points or 0.33 percent to close at 8,598.11 on selective buying of large cap stocks. The PSEi gathered steam, thanks to the property counter, which rose by 1.23 percent, while the financial, holding firm, services and mining/oil counters also firmed up. Only the industrial counter slipped. Value turnover for the day amounted to P8.92 billion. Despite the PSEi's gain, market breadth was negative as there were 124 decliners that edged out 85 advance...Keep on reading: Market on the prowl, settles near 8,600 Read more