PSEi recovers on better-than-expected GDP data

Posted at May 31 2012 07:19 PM | Updated as of Jun 01 2012 03:20 AM

Local shares bounced back from yesterday's losses, after the Philippine economy rose in the first quarter at a faster pace than previously thought.

The PSE index ended 1.5% higher at 5,091. It bucked most Asian markets' fall that is still caused by worries over Spain's financial troubles. ANC Top Story, May 31, 2012