PSEi jumps 2.27% back to 7,000 level

PHILIPPINE shares returned to the 7,000 level as investors bought on bets of continued loose policy from European Central Bank (ECB), a sentiment that kept markets in buoyant mood.

“As with every other markets around the world, the PSEi joined them in a rally ahead of the ECB meeting with expectations that the central bank will maintain its accommodative policy,” Jonathan Latuja, equity analyst at Unicapital Securities Inc., said in a text message.