The local bourse closed Wednesday’s trade at its highest level for 2014 to date, driven by investor optimism for the Philippines’ third-quarter GDP results, due out today (Thursday), and wider bargain-hunting following previous declines.
The Philippine Stock Exchange index (PSEi) picked up 69.74 points or 0.96 percent to close at 7,356.59. The broader All Shares index advanced 33.05 points or 0.77 percent to end the session at 4,325.39.
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