PSEi up over 2%, rebounds to 7,100

THE stock market returned to the 7,100 level on Wednesday, bucking declines elsewhere in the region in a showing attributed to bargain-hunting and quarter-end window dressing.

The benchmark Philippine Stock Exchange index (PSEi) jumped by 2.42 percent or 169.22 points to end the day at 7,176.43. The broader All Shares rose 1.62 percent or 69.99 points to finish at 4,379.30.