PSEi nears 6,100 level in morning trade

Posted at 01/09/13 12:22 PM

MANILA, Philippines - Philippine stocks reached a fresh all-time high in morning trade on Wednesday.

The Philippine Stock Exchange index ended the morning session at 6,090.74 up 0.69% or 41 points. This is the sixth straight day the PSEi hit a new record high in as many days in 2013. 

The main index also saw a new intraday high at 6,092.41. 

Earlier, investment holding company Maybank ATR Kim-Eng said it expects the PSEi to climb as high as 6,500 level this year on favorable corporate earnings outlook and possibly higher capital inflows.