PSEi returns to 5,900 on bargain hunting

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) bounced back on Tuesday as bargain hunting lifted the benchmark back to the 5,900 level. The PSEi rose 1.35 percent or 79.45 points to close at 5,948.94. READ: Oil prices rise on Trump’s Iran threats, stocks mixed Philstocks Financial research manager Japhet Tantiangco said the uptick came as investors picked up beaten-down shares. This followed reports that the government is seeking talks with Iran to ensure safe passage of Philippine-bound vessels through the Strait of Hormuz. Tantiangco added that the news helped ease concerns over potential supply disruptions, prompting investors to […]... Keep on reading: PSEi returns to 5,900 on bargain hunting

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