MANILA, Philippines (4th UPDATE) - The main index of the Philippines Stock Exchange kept its upward momentum on Tuesday, January 29.

For the first time, the PSEi breached the 6,200 level.

It closed at 6,234.73, up 0.68% or 42.31 points, marking the 11th time it broke record highs for 2013, and the 72nd under the Aquino administration.

It also hit an new intraday peak of 6,254.04.

Volume turnover was 2.67 billion shares valued at P10.13 billion.

On Monday, the index hit its 10th highest for 2013.

It closed above 6,100 level last January 18.

President Benigno Aquino III has cited the stellar performance of the stock exchange in his recent trip to Switzerland. He said the index may hit the 7,000 milestone this 2013.

In a speech on Monday, he noted that the index was only at 4,000 two-and-a-half years ago. - Rappler.com