The local bourse on Thursday defied the declines at Wall Street as the improving local economy fired up investors despite recession fears in the US. The benchmark Philippine Stock Exchange Index (PSEi) added 0.22 percent, or 14.1 points, to 6,549.27. Meanwhile, the broader All Shares Index gained by 0.23 percent, or 8.20 points, to 3,572.14. Read The Rest at :