Stocks Sustain Gains Ahead of GDP, Inflation Data

Local stocks rallied for a second straight session as investors resumed with their bargain hunting activities ahead of some key economic data releases this week.

- By Richmond Mercurio

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.67 percent or 42.52 points to finish yesterday's session at 6,348.65.

The broader All Shares index also posted a 0.4-percent or 14.93-point improvement to end at 3,766.60.

Luis Limlingan of Regina Capital said the PSEi went up as investors looked for bargains after a week of strong selling pressure.