PSEi nears 6,100 level in morning trade
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.