Market Rises; SM Investments up

The stock market bounced back Wednesday on bargain-hunting in step with the rest of Asia, boosted by comments from Bangko Sentral ng Pilipinas Governor Benjamin Diokno that further policy rate and reserve requirement cuts could be done before the end of the year.

The Philippine Stock Exchange Index rose 36.17 points, or 0.4 percent, to 8,078.21 on a value turnover of PhP5.4 billion. Losers, however, beat gainers, 109 to 93, with 39 issues unchanged.

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