PSEi rebounds to 35th all-time high

Rappler.com

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The key Philippine Stock Exchange index settled at 5,763.64, up 75.92 points or 1.33% from Wednesday's close of 5,687.72

MANILA, Philippines – Thirty-fifth record-high — and counting?

Local stocks rebounded on Thursday, December 6, hitting their 35th all-time high in 2012.

The key Philippine Stock Exchange index (PSEi) settled at 5,763.64, up 75.92 points or 1.33% from Wednesday’s close of 5,687.72.

The broader all-share index jumped 33.89 points or 0.92% to 3,703.60.

All subindices ended in the green, led by the services index, which rose 1.72%.

Some 4.45 billion shares worth P11.45 billion changed hands.

On Wednesday, the PSEi ended a 7-day winning streak, going down 18.56 points from Tuesday’s close of 5,706.28, as traders finally cashed in on their gains. – Rappler.com

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