PSEi rebounds after 2-day decline

The local bourse bounced back to post a moderate gain Thursday after two days of losses, drawing encouragement from generally positive third-quarter corporate earnings reports and the extension of Japan’s large-scale asset buying program.

The Philippine Stock Exchage index (PSEi) increased 0.39 percent or 27.82 points to close at 7,236.63, while the All Shares advanced 0.41 percent or 17.29 points to 4,261.79.