Stocks End Week Higher Ahead of PSEi Recomposition

The local stock market finished the week in the positive territory, with investors gearing up for the index recomposition taking effect on Monday.

- Richmond Mercurio

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.38 percent or 24.08 points to end yesterday's session at 6,315.93.

The broader All Shares index likewise advanced by 0.22 percent or 8.2 points, settling at 3,751.23. "The index managed to eke out gains ahead of the index recomposition set to take effect on Monday, which will see DigiPlus replacing Bloomberry on the index," AP Capital Securities Inc. said.