PSEi Rebounds Above 6,000 on Bargain Hunting Amid Stronger Manufacturing Data
Economy

PSEi Rebounds Above 6,000 on Bargain Hunting Amid Stronger Manufacturing Data

Philippine stocks snapped a four-day losing streak, reclaiming the 6,000-point level, as bargain hunters stepped in following an improvement in manufacturing PMI, despite continued foreign outflows. Investors seized on attractive valuations.

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  • Philippine Manufacturing Booms: PMI Hits Near 10-Year High in August

    Philippine manufacturing activity experienced significant growth in August, reaching its strongest pace in nearly a decade since December 2016. The Purchasing Managers' Index (PMI) rose to 54.9, driven by robust increases in output, new orders, and employment, according to S&P Global.