PSEi snaps 3-day slide on bargain hunting, stronger factory data

MANILA, Philippines – Local stocks rallied on Monday as investors bought undervalued shares after three straight sessions of losses, and improved manufacturing data boosted market sentiment. The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.53 percent or 30.56 points, to close at 5,799.32. Brokerage Philstocks Financial Inc. said bargain hunting drove the market’s recovery after