Positive corporate developments drove Philippine stocks to a new all-time high on Monday. The PSEi was up 43.59 points or 0.67 percent to 6,565.23. Monday's close was the PSEi's 17th record for the year, eclipsing the 6,527.99 posted last Wednesday. Intraday, the PSEi hit another record level at 6,582.51, beating the 6,531.79 also reached last Wednesday. The broader all-shares index rose 0.45 percent to 4,119.95. Most indices were in the positive territory, except for mining and oil which dipped by 0.21 percent. The rally was led by the property and financial sectors, up by 1. ...
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