PSEi up anew, grows 0.80% on third day

THE stock market continued to rally for a third straight day on Tuesday as investor sentiment was reportedly boosted by the positive momentum from previous trading days after the Bangko Sentral ng Pilipinas (BSP) reduced banks’ reserve requirement.

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.80 percent or 61.42 points to close at 7,721.56. The wider All Shares, meanwhile, grew by 0.73 percent or 34.74 points to end at 4,782.14.