PSEi advances after Wall Street

ABS-CBN News

Posted at Dec 17 2019 05:52 PM

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Here's your daily update from the Philippine Stock Exchange.

Philippine shares advance alongside Asian peers on the back of trade optimism and Wall Street's run to all-time highs. The main index closed above the 7,700 territory. But shares of Manila Water suffered their biggest drop on record. An analyst believes investors have been spooked by reports of bankruptcy among water concessionaires.