Index heavyweights drive markets higherLikewise, the broader All Shares index gained 20.89 points or 0.66 percent to finish at 3,198.63. MANILA, Philippines — The Philippine stock market advanced yesterday, with the benchmark Philippine Stock Exchange Composite index (PSEi) closing 65.58 points or 1.11 percent higher at 5,970.33. Likewise, the broader All Shares index gained 20.89 points or 0.66 percent to finish at 3,198.63. Analysts from Philstocks Financials said interest in index heavyweights, especially SM Investments Corp. and SM Prime Holdings, helped lift the bourse into the positive territory. Asia’s main markets had struggled overnight but Europe’s STOXX 600 made a 0.5 percent early gain as both the pound and UK government bonds rallied in London.

Source: Philippine Star October 18, 2022 00:16 UTC