Bargain-hunting lifts PSEi by 0.69%

THE stock market climbed back to the 7,400 level on Monday as investors resumed bargain-hunting ahead of the Federal Reserve and the Bangko Sentral ng Pilipinas’ (BSP) monetary policy meetings.

The Philippine Stock Exchange index (PSEi) rose by 0.69 percent or 50.61 points to close at 7,433.61 while the broader All Shares grew 0.53 percent or 24.12 points to end at 4,531.52.