It was a buyers’ market on Thursday as the third-quarter economic growth beat expectations and pushed the benchmark PSEi back in the 7,000 level after some companies reported disappointing financial results.
“It’s basically a reaction to the third-quarter GDP results. This is a welcome development following dismal third quarter earnings results of some of the major companies,” Lexter Azurin of Unicapital Securities Inc. said in a text message.
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