Third-quarter growth boosts Philippine equities

The result of country’s economic growth during the third quarter of the year made significant impact on the local equity market on Thursday, even pushing back the benchmark index to the 6,100-point level.

The domestic economy kept its growth trajectory during the third quarter with the gross domestic product (GDP) growing by 7 percent, way above the government’s estimate of between 6.2 percent and 6.7 percent.