
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.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- 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.