STOCKS may consolidate when trading resumes on Friday after a holiday as investors carefully assess risks amid the fragile truce between the United States and Iran.
On Wednesday, the Philippine Stock Exchange index (PSEi) climbed by 2.21% or 132.04 points to close at 6,089.91, while the broader all shares index went up by 1.94% or 65 points to end at 3,415.16.
This was a near one-month high for the PSEi as the market joined a global relief rally after the US and Iran agreed to a temporary ceasefire.
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