PHL Stock Index Hits New High for 2014 in Friday Noon Trading

Manila — Local share prices zoomed to their new high for the year at midday trading Friday, with the barometer Philippine Stock Exchange index (PSEi) surging 82.90 points to 6,848.11 and extending its gains for a second day.

The broader all shares index edged up 38.02 points to 4,118.31.

Almost all counters increased significantly.

The market’s ascent was led mainly by services that rose 1.67 percent and property by 1.55 percent. (PNA) SCS/LDV