PH stocks sustain gains, buoyed by Asian markets, Wall St

Stocks advanced in Friday morning trade, sustaining gains from Thursday’s rebound from a recent bout of profit-taking, with the strong performance of Asian markets and Wall Street overnight luring latecomers into the record-breaking Philippine market.

Expectations of positive first-quarter corporate earnings results, due out next month, are seen likely to power another index surge past the 8,000-point level.