The benchmark stock index closed slightly higher, remaining in record territory amid optimism on the rebalancing of the MSCI Philippines Index.
Philippine Long Distance Telephone Company (PLDT) posted the biggest gain, rising 2.73 percent or P90 to close at P3,390 per share. The Manny Pangilinan-led telecoms firm has the highest market capitalization weight of 11.7 percent in the MSCI index.
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