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