PH stocks rise ahead of MSCI rebalance

Philippine shares gained in late session trade as investors took positions in stocks perceived to possibly benefit from the periodic review of the Morgan Stanley Capital International (MSCI) emerging markets index.

After trading in negative territory for most of the day, the Philippine Stock Exchange index (PSEi) bounced back toward the close, finishing with a 0.19 percent gain, or 14.69 points at 7,777.90. The All Shares index was little changed, showing an unremarkable 0.007 percent or less than a point downward bias to 4,487.48.