THE stock market recovered from intraday losses on Wednesday as investors repositioned portfolios ahead of the release of gross domestic product (GDP) data and of the Bangko Sentral ng Pilipinas’ (BSP) policymaking Monetary Board (MB) meeting today.
The bellwether Philippine Stock Exchange index (PSEi) rallied at the last minute, finishing up by 0.20 percent or 16.06 points to 7,926.69. It fell by as much as 1.97 percent in intraday trading.