Fund flows into PH on brighter economic prospects

The PSEi got a boost in the afternoon session to close in the 7,300 territory as investors were encouraged by the brighter prospects of the Philippine economy, compared with other markets in the region that have set lower economic targets.

The bellwether PSEi reversed losses and closed the session with a 0.92 percent increase or 66.75 points to 7,313.87. The broader All Shares advanced by 0.67 percent or 29.27 points to 4,415.13.