PSEi rebounds above 6,000 on bargain hunting

MANILA, Philippines – Local stocks rebounded on Thursday as bargain hunters returned after two straight sessions of decline, while trading remained subdued amid lingering concerns over domestic and global risks. The benchmark Philippine Stock Exchange Index (PSEi) climbed 1.15 percent or 68.25 points, to close at 6,015.03. READ: Philippines: Economic growth at five-year low due to