The benchmark Philippine Stock Exchange Index (PSEi) soared 223.84 points or 4.19 percent to end at 5,570.81 while the wider All Shares climbed 3.10 percent or 101.09 points to close at 3,360.75. The market’s closing figure also served as its intraday high to surpass its opening of 5,380.51. In a market comment, Philstocks Financial Inc. said “positive cues from Wall Street futures sent the local bourse higher today.”Also, Philstocks research associate Japhet Tantiangco attributed the positive market sentiment to cues from United States futures. “US futures were up by more than 3 percent as of 1 p.m. pointing to a rally in Wall Street tonight,” Tantiangco said. Wall Street skidded as Dow Jones, S&P 500 and Nasdaq fell 1.69 percent, 1.51 percent and 1.53 respectively.

Source: Manila Times April 06, 2020 16:30 UTC