PSEi extends rally on bargain hunting

MANILA, Philippines – Local stocks stretched their winning run on Monday as sustained buying in index heavyweight International Container Terminal Services Inc. (ICTSI) and bargain hunting lifted investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.18 percent, or 11.61 points, to close at 6,415.72. READ: US launches 9th night of strikes on Iran as it hits out at Gulf states Philstocks Financial Inc. Research Manager Japhet Tantiangco said investors continued buying ICTSI shares, driving the market higher, while expectations of satisfactory corporate results encouraged further share accumulation. However, investors trimmed gains in the second half as they turned […]...

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