Market on holiday break

The local stock market is on holiday break Wednesday in celebration of the New Year.

On Monday, the last trading day of 2014, the Philippine Stock Exchange closed 22.76 percent higher for the year at 7,230.57 points.

This marks the sixth year of ascent for the local stock barometer.

PSE officials closed the year with the traditional last trading day festivities on the trading floor on Monday.

Trading at the stock market will resume on Monday, Jan. 5, 2015.