The stock market briefly touched the 8,600 level on Friday, a day after closing in 8,500 territory for the first time, but succumbed to profit-taking to close well below historic highs.
The bellwether Philippine Stock Exchange index hit a new all-time intraday high of 8,605.15, looking to eclipse Thursday’s record close of 8,516.02, but then shed 139.89 points or 1.64 percent to end the day at 8,376.13.
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