MANILA, Philippines — The stock barometer capped off 2017 in the positive territory, finishing at a new all-time high and setting a new intra-day peak after flirting with the 8,600 level on Friday. The bellwether Philippine Stock Exchange index rose 0.27 percent or 23.33 points to 8,558.42 — beating Thursday's record of 8,535.09. The PSEi opened above the 8,500 resistance level before hitting a new intra-day high of 8,640.04. “However, Thursday’s late burst in the US suggests that investors aren’t ready to dump stocks going into next year,” he added. BDO Unibank Inc. led the PSEi higher, climbing by 3.67 percent.

Source: Philippine Star December 29, 2017 09:22 UTC