Stocks close at record high

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PSEi at 7,402.72 pts, up 0.48%

Shares rose in Friday trade on general optimism fueled by overnight gains on the US markets and investor interest sustained by the Philippines’ lower-than-expected December inflation.

The benchmark Philippine Stock Exchange index (PSEi) finished at a new high of 7,402.72, up 35.09 points or 0.48 percent. It broke the previous record of 7,392.20, reached on May 15, 2013.

The index also set a new intraday high of 7,446.66 in morning trade, surpassing the previous intraday record of 7,413.62, hit on September 25 last year. KRISTYN NIKA M. LAZO


NL/NT

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