Local equities rise on bargain-hunting

The stock market recovered slightly on Wednesday as investors went bargain hunting, with analysts warning of continued volatility ahead with the benchmark index still at its lowest in nearly a year.

The Philippine Stock Exchange index (PSEi) rose by 0.90 percent or 69.74 points to close at 7,793.13 while the wider All Shares grew 0.52 percent or 24.62 points to end the day at 4,720.58.