PSEi pierces 7,600 points to new high

Philippine shares forged ahead in a fifth record-breaking run this year on Tuesday and drove the main index past the 7,600-point mark as analysts had predicted for this month.

The Philippine Stock Exchange index (PSEi) gained 43.90 points or 0.58 percent to an all-time closing high of 7,630.57, shooting up as high as 7,631.85 intraday, which is also a record. The wider All Shares index added 18.75 points or 0.42 percent to finish at 4,440.66.