Local stocks up on Wall Street rise

With Wall Street rising to a new record, the Philippine Stock Exchange index (PSEi) managed to go up modestly on Friday by 0.29 percent or 18.52 points to close at 6,346.40, while the wider all-shares index advanced slightly by 0.11 percent or 4.26 points to 3,869.00.

Overseas, Federal Reserve vice chairwoman Janet Yellen indicated that she will push through with Federal Reserve’s monetary stimulus or bond buying, a Bloomberg report said.