Bargain hunting saves market from back-to-back losses

Bargain hunters came to the rescue yesterday, preventing what could have been back-to-back losses for the local stock market.

- RICHMOND MERCURIO

The benchmark Philippine Stock Exchange index finished higher by 0.56 percent or 40.26 points to 7,280.24 despite spending most of yesterday's session in the red.

The broader All Shares index also jumped by 0.48 percent or 19.27 points, settling at 3,996.58.

Philstocks Financial research manager Japhet Tantiangco said late day buying sent the local market higher.