PSEi rises on 2020 budget approval

Investor sentiment on Tuesday was buoyed by the recent signing of the 2020 national budget and positive development on the water concessionaires’ debacle over franchise agreements.

The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.55 percent or 42.83 points to end at 7,840.70 while the wider All Shares added 0.32 percent or 15.02 points to finish at 4,648.35.