PSEi Rebounds on Bargain Hunting Amidst Mixed Investor Sentiment
Philippine stocks rebounded on Thursday as bargain hunters stepped in after two consecutive sessions of losses. Retail investor buying and some foreign participation helped lift the market, with the PSEi closing up 0.82% at 5,663.17.
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- Philippine Stocks Rebound on Bargain Hunting, Supported by Foreign Inflows
The Philippine stock market rebounded after two days of decline as investors sought bargains at lower prices. Foreign fund inflows provided support, with the main stock index closing higher. However, concerns over the weakening peso persist.