A recent surge in global equity markets pushed local share prices higher on Monday, sending the main index above a key resistance level once again. The PSEi benchmark index rose 34.48 points, or 0.83% higher from Friday, to close at 4,201.08 on increased trading volume. Total value turnover went up to PhP4.5bn, or 67% higher from the last session’s figure, but a shade below this year’s daily average value turnover of PhP4.7bn, as investors took advantage of rising optimism in the market. ...
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