PSEi breaches 8,000 pts, driven by foreign funds

Philippine shares advanced to new record levels as the entry of fresh foreign funds added momentum to an already upbeat trade amid positive sentiment on steady interest rates. The main index climbed to an intraday peak above the 8,000-point.

The benchmark Philippine Stock Exchange index (PSEi) closed Monday’s trade with pared gains 7,899.41, up 0.27 percent or 21.45 points to mark the 22nd time this year it posted a record finish.