PSEi rebounds to 5,663 on bargain hunting

MANILA, Philippines — Local stocks recovered on Thursday as investors snapped up bargains after two straight sessions of losses, with foreign buying helping lift the market. The benchmark Philippine Stock Exchange Index (PSEi) gained 0.82 percent, or 45.94 points, to close at 5,663.17. READ: PSEi falls to 5,617 as ICTSI tumbles Philstocks Financial Inc. said investors