PSEi snaps 2-day slide on bargain hunting

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MANILA, Philippines — Local stocks snapped a two-day losing streak on Thursday as bargain hunting offset continuing geopolitical risks and a weaker peso.

The benchmark Philippine Stock Exchange Index (PSEi) edged up 0.24 percent, or 15.27 points, to close at 6,283.12.

READ: Philippine Peso revisits record low on Mideast flare-up

Philstocks Financial Inc. research manager Japhet Tantiangco said the market’s rebound was driven mainly by bargain hunting after recent losses.

PSEi snaps 2-day slide on bargain hunting

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