PSEi touches 7,900, tracks regional rally

THE stock market rose for a fourth straight session on Monday, tracking a regional rally, with investor sentiment also lifted by the start of fresh US-China trade talks and continued inflation-generated optimism.

The benchmark Philippine Stock Exchange index (PSEi) opened at 7,800.88 and went as high as 7,900.70 in morning trade before paring gains to end the day at 7,787.66, up 0.34 percent or 26.55 points from Friday.