Philippine stock market continues upward trek

Philippine share prices reached a fresh year-high on Wednesday, boosted by bullish global markets, analysts said.

The main Philippine Stock Exchange index rose 22.04 points or 0.7114 percent to 3,119.96 while the all shares jumped 10.29 points or 0.5372 percent to 1,925.78.

All six sectoral indices fell into the green zone. Mining and Oil was the day’s biggest advancer, improving 1.5094 percent. The five other sub-indices posted gains between 0.3262 percent and 0.721 percent.

Market breadth was positive with 62 gainers against 45 losers and 57 stocks which closed unchanged

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