The local stock barometer ended the week above the 6,900 mark, moving in line with mostly upbeat regional markets.
The main-share Philippine Stock Exchange index (PSEi) added 32.08 points or 0.47 percent to close at 6,907.79.
For the week, the index advanced by a total of 111.45 points or 1.6 percent from last week’s closing of 6,796.34.
Except for the mining/oil counter, which slightly dipped, all other counters eked out modest gains on Friday.
“Philippine shares climbed above the 6,900 level to finish the week as investors shrugged off a key (US) inflation report that showed a bigger-than-expected increase in price pressures,” said Luis Gerardo Limlingan, managing director …
Keep on reading: Taking cue from regional markets, PSEi ends week above 6,900