PSEI back to 6,600 level on Wall Street gains

The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark.

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The benchmark Philippine Stock Exchange index (PSEI) closed at 6,621.88, up by 38.41 points or 0.58 percent.

The sectoral gauges were up as well with property and financials among the biggest gainers.

Total value turnover was thin at P4.8 billion and market breadth was positive, 100 to 88 while 49 issues were unchanged.

Mikhail Plopenio of Philstocks Financials said investors took positive cues from Wall Street overnight.

"The optimism kept the local bourse in the green territory for the whole session," he said.