Local stock index ends above 7,100 for the first time this year

PSE index as of August 20, 2014, 3.39 PM. Screengrab from https://edge.pse.com.ph

MANILA—The local stock index extended its winning streak for the fourth trading session on Friday, the last trading day of the so-called “ghost month,” closing above 7,100 for the first time this year.

Riding on a string of upbeat US economic data, the Philippine Stock Exchange index racked up 36.6 points or 0.52 percent to close at 7,133.09. The index hit an intra-day high of 7,141.17, the peak so far this year despite a long weekend break ahead.

For the week, the PSEi gained a total of 124.58 points or 1.8 percent to trade at this year’s best levels so far.

On Friday, all counters were up except for the mining/oil sub-index.

Turnover for the day amounted to P10.86 billion. There were 83 advancers versus 79 decliners while 66 stocks were unchanged.

There were 83 advancers against 79 decliners while 66 stocks were unchanged.