Philippine stocks continue rally over news of US pump-priming moves

Philippine stocks continue rally over news of US pump-priming moves:
Philippine stocks continue rally over news of US pump-priming moves

MANILA, Philippines—Local share prices continued to rise on Wednesday, in line with the rest of the region, on hopes that the US Federal Reserve would announce fresh pump-priming moves at its meeting this week.

The benchmark Philippine Stock Exchange Index (PSEi) rose 1.28 percent or 64.85 points to 5,146.460, the highest since the middle of May as the US monetary authority began its two-day meeting on Wednesday.

The broader all-shares index rose 0.9 percent as all sectoral indices p...

Keep on reading: Philippine stocks continue rally over news of US pump-priming moves

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