PSEi rebounds to 5,705 on bargain hunting

MANILA, Philippines — Local stocks recovered on Thursday as investors bought shares after the previous day’s decline, with gains on Wall Street also lifting sentiment. The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.92 percent, or 52.03 points, to close at 5,705.58.  READ: Inflation fears drag PSEi down 1.87% The broader all-shares index added 0.38 percent.