PH stocks rebound to 6,800

Philippine stocks rallied on Thursday, rebounding back to the psychologically important 6,800-point level, as investors cheered the minutes of the latest Federal Reserve Board meeting which indicated that the US central bank was not considering raising interest rates any time soon.

The Philippine Stock Exchange index (PSEi) rose past the 6,800 mark Thursday and settled at 6,830.58, gaining 68.20 points or 1.01 percent, while the wider all shares added 32.78 points or 0.81 percent to 4,073.72. Overseas, Asian markets rallied by more than 1.0 percent.