June inflation pushes bourse to 8,100 level

THE stock market broke into the 8,100 territory on Friday — a fresh five-month high — as investors cheered news that the rate of the increase in the prices of goods and services in June eased to a nearly two-year low.

The bellwether Philippine Stock Exchange index rose by 0.66 percent or 53.02 points to close at 8,117.94 — the highest since February 1’s 8,144.16 — while the broader All Shares rose by 0.28 percent or 13.69 points to end at 4,945.68.