9th RECORD HIGH: PSEi inches closer to 6,200
MANILA, Philippines - The main index of the Philippine Stock exchange started the week strong by blazing toward a new record high.
On Monday, January 21, it closed 0.53% or 32 points higher at 6,171.70, the 9th all-time high for 2013.
It also hit 6,193.25 during the morning trade, breaking previous intraday records.
Index-heavyweight Philippine Long Distance Telephone Co. (PLDT, TEL) gained 3.21% to P2,890, lifting the services sector, which contributed to the market rally. - Rappler.com