THE stock market snapped a five-day losing streak on Friday as investors took heart from the reduction of banks’ reserve requirements and hunted issues on oversold conditions.
The benchmark Philippine Stock Exchange index (PSEi) jumped by 1.45 percent or 108.66 points to close at 7,583.82, while the wider All Shares rose by 1.08 percent or 50.41 points to end at 4,713.27.