Last-minute bargain-hunting allowed the Philippine Stock Exchange index (PSEi) to maintain its upward momentum, accomplishing a six-day rally on Tuesday ahead of a holiday.
The benchmark PSEi climbed by 1.49 percent, or 99.31 points, to close at 6,780.78 while the wider All-Shares index improved by 0.94 percent, or 32.81 points, to settle at 3,513.98.
Claire Alviar, Philstocks Financial Inc. assistant manager for research and online engagement, said that investors picking up shares before the closing bell lifted the main index anew.
“So far, optimism persists in the market amid improving investors’ sentiment,” she said.
Alviar pegged the support level at 6,600 and immediate r…
Keep on reading: PSE index makes six straight days of gains