Stocks close flat after early boost

The local market pushed past the 7,800-point barrier in early trade on Tuesday, but eased to close nearly flat as some investors cashed in on gains from previous record highs.

The Philippine Stock Exchange index (PSEi) inched up 0.03 percent or 2.59 points to 7,776.51 at the closing bell, while the All Shares index was little changed, or up just 0.28 points or 0.006 percent at 4,525.07.