The stock market is showing early signs of the so-called “Santa Claus rally,” advancing for the third straight day on Wednesday.
The benchmark Philippine Stock Exchange index (PSEi) gained 0.22 percent or 16.52 points to close at 7,360.75, pulling back from an intraday high of 7,372. The broader All Shares index, however, dipped 0.04 percent or 1.72 points to settle at 4,314.87.
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