MANILA, Philippines — With one trading day to go for 2017, local shares finished at a new-all time high and settled above the 8,500 resistance level Thursday. Meanwhile, the Philippine peso likewise closed with gains on Thursday, with the local unit reaching the highest level in six months. “The Philippines broke ground as it zoomed past the 8,500 level, while succumbing to some resistance as it tried to reach a new all-time high,” Limlingan added. Metrobank and Jollibee, which rose by 3.94 percent and 2.09 percent, respectively, helped push the PSEi higher while SM Investments, SM Prime Holdings and Ayala Corp. declined. Strongest in six monthsMeanwhile, the peso closed at P49.98 against the greenback, 6 centavos stronger than the P50.04 finish in the previous session.

Source: Philippine Star December 28, 2017 10:18 UTC