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Shares rebounded yesterday, a day after suffering from a heavy sell-off triggered by losses in China and the US.


The benchmark 30-company Philippine Stock Exchange Index rose 122.67 points, or four percent, to 3,190.12, after tumbling 7.9 percent in the biggest single-day drop since 1997, at the height of the Asian financial crisis.


"The panic is over," said Ismael Guerrero Cruz, president of IGC Securities Inc.


                    [DatePublished] => 2007-03-02 00:00:00
                    [ColumnID] => 133272
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ISMAEL GUERRERO CRUZ

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                    [Title] => Stocks rebound
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Shares rebounded yesterday, a day after suffering from a heavy sell-off triggered by losses in China and the US.


The benchmark 30-company Philippine Stock Exchange Index rose 122.67 points, or four percent, to 3,190.12, after tumbling 7.9 percent in the biggest single-day drop since 1997, at the height of the Asian financial crisis.


"The panic is over," said Ismael Guerrero Cruz, president of IGC Securities Inc.


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abtest

Stocks rebound

March 2, 2007 - 12:00am

Shares rebounded yesterday, a day after suffering from a heavy sell-off triggered by losses in China and the US. The benchmark 30-company Philippine Stock Exchange Index rose 122.67 points, or four percent,...

Business