PSEi touches 7,500 but pares day’s losses

The stock market spent most of Thursday in 7,500 territory, threatening to hit a one-year low, before last-minute buying allowed it to limit losses for the day.

The benchmark Philippine Stock Exchange index (PSEi), which hit an intraday low of 7,537.43, managed regain some ground to close at 7,682.24, still 110.89 points or 1.42 percent down from the previous day.