The benchmark Philippine Stock Exchange index (PSEi) rallied above 6,700 on Wednesday, lifted by telco and internet stocks such as PLDT Inc. and Converge ICT Solutions Inc. The PSEi closed higher by 2.01 percent, or 132.49 points, to 6,718.50 while the broader All Shares Index added 1.74 percent, or 60.37 points, to 3,537.07. Trading activity also recovered from the holiday slump, with 1.4 billion shares valued at P6.7 billion changing hands while foreigners ended up net buyers of the amount P333.74 million, stock exchange data showed. Bounce back PLDT shares jumped nearly 7 percent on Wednesday. The telco giant was among the top losers in recent weeks after revealing a P48-billi...
Keep on reading: PLDT, Converge propel PSEi past 6,700
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Wednesday, January 4, 2023
January 04, 2023
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