The stock market moved closer to breaching the 9,000 level on Monday, notching a new all-time high ahead of the government’s release of 2017 economic growth data.

The benchmark Philippine Stock Exchange index (PSEi) hit an intra-day peak of 8,975.12 before losing some steam to end at 8,950.62 — up 0.39 percent or 34.70 points from Friday and the highest close since January 9, 2018’s 8,923.72.

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