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(UPDATED) The Philippine Stock Exchange main index (PSEi) breaks the 6,500 milestone for the first time during morning trade, then trims gains by noon
MANILA, Philippines (UPDATED) – The main index of the Philippine Stock Exchange (PSE) broke the 6,500 milestone for the first time on Monday, February 11, during mid-trade.
It hit 6,500.08 as of 10:31 a.m.
It eventually trimmed gains and closed 0.66 point or 0.01% lower to 6,448.01 as investors cashed in on gains.
The PSEi, a barometer of investor confidence, has broken at least 15 all-time highs this 2013.
It ended 2012 with 38 record-breaking highs and closed at 5,812.73, a 33% annual gain that made the local stock exchange one of the best performing in the world. – Rappler.com
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