SUMMARY
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Investors flocked to the stock market on the first trading day after international credit rating agency Fitch upgraded the Philippines to investment grade status. A few minutes after the market opened on Monday, April 1, the Philippine Stock Exchange main index (PSEi) breached the 6,900 mark, a record first, and inched toward 7,000. PSEi has reached new intraday record high of 6,955.32 at 10:45am. It retreated to 6,919.98 by mid-day, up 72.51 or 1.06%. Fitch announced the upgrade Wednesday, March 27.
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