PH shares rebound on bargain hunting

The Philippine Stock Exchange index (PSEi) closed with slight gains on Tuesday as bargain-hunting ended consecutive declines over the past few days on worries over the global economy.

The index hit an intraday high at the 7,000-point level, before closing 0.65 percent or 45.13 points higher at 6,991.19. The wider All Shares index rose 0.54 percent or 22.31 points to 4,158.29.