PSEi climbs to 6,800

The local stock barometer rallied to the 6,800 level in thin trade on Wednesday on a continued mix of bargain-hunting and window-dressing activities.

The main-share Philippine Stock Exchange index gained by 188.24 points or 2.83 percent to close at 6,846.44, tracking upbeat regional markets.

Investors also took their cue from the overnight rise in US stocks to nearly record highs.

“The PSEi continued both its bargain hunting and window dressing easily on the back of thin volumes. 

Aside from this, The Dow Jones Industrial Average rose 11.23 points, or 0.1 percent to end at 19,945.04, according to preliminary figures, remaining just shy of the psychologically important 20,000 milestone,” said Regina Capital development managing director Luis Gerardo Limlingan.

At the local market, trading volume was scant at P3.45 billion, however, as many investors are on a long holiday break.

Read more: https://business.inquirer.net/222123/psei-climbs-6800