Bargain hunting enabled the main index to rally, prompting it to close in the 6,500 territory on Tuesday. The benchmark Philippine Stock Exchange index (PSEi) gained 0.63 percent or 40.66 points to its intraday high of 6,500.42, while the wider All Shares climbed 0.5 percent or 19.81 points to close at 3,988.83. Philstocks Financial Inc. senior research analyst Japhet Tantiangco said bargain hunters took opportunities out of the local bourse’s back-to-back declines. Tantiangco added that trading improved as Tuesday’s net value turnover of P5.12 billion was 14.13-percent higher than the previous day’s register. Total volume turnover was at 5.84 billion shares valued at P5.52 billion.

Source: Manila Times April 20, 2021 16:30 UTC