Philippine shares open week firmer

The local stock market traded slightly higher to open the week on a positive note after local companies released their end-2013 financial results.

The Philippine Stock Exchange index (PSEi) opened the week on a positive note, rising by 0.89 percent, or 54.16 points to 6,167.82, while the wider  all-shares index went up by  0.76 percent, or 28.05 points  to 3,733.61.