INVESTORS went bargain-hunting on Monday, lifting the benchmark index despite continued US-North Korea tensions. The Philippine Stock Exchange index (PSEi) snapped a four-day losing streak to close the day up 33.69 points or 0.43 percent to 7,962.12. “But some issues are okay … such as Bloomberry Resorts Corp., and Cebu Landmasters, Inc. Market continues consolidation,” he noted. Joylin Telagen, research head at IB Gimenez Securities, said bargain-hunting could continue ahead of the release of second quarter gross domestic product results on Thursday. All market indices posted gains on Monday, led by the property sector that rose by 1.06 percent.

Source: Manila Times August 14, 2017 17:26 UTC