The benchmark Philippine Stock Exchange index rose by 106.59 points or 1.70% to close at 6,345.41 on Tuesday and the broader all shares index climbed by 48.21 points or 1.43% to 3,400.68.
“Meanwhile, the services sub-index led the market, primarily attributable to the strong rally in telco stocks ,” he added. Most sectoral indices ended higher except for financials, which fell by 4.36 points or 0.29% to 1,483.11.
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Stocks rise on continued bargain huntingThe PSEi started the week higher in mixed trades as cautious investors picked up bargains.
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