Stocks end higher on bargain hunting before GDP

PHILIPPINE STOCKS rebounded on Thursday as bargain hunters took advantage of lower prices after the index plunged to a three-year low the prior session, but sentiment stayed cautious before the release of third-quarter gross domestic product (GDP) data.

The bellwether Philippine Stock Exchange index (PSEi) rose by 0.3% or 17.53 points to close at 5,835.59, while the broader all shares index increased by 0.25% or 9.05 points to end at 3,543.43.