Stocks bounce ahead of economic, BSP reports

Philippine equities bounced back in Tuesday’s trade, recovering from Monday’s slide as investors snapped up bargains and took positions for the release later this week of key economic data and the outcome of a central bank policy meeting.

The benchmark Philippine Stock Exchange index closed with a 1.15 percent gain, or 86.79 points at 7,627.96, while the broader All Shares index climbed 1.09 percent or 46.94 points to 4,355.72.