Index sustains winning streak

The local stock market kept its winning streak alive, opening the week higher as investors maintained their optimism following recent positive developments locally and abroad.

- By Richmond Mercurio

The Philippine Stock Exchange index (PSEi) climbed by 0.99 percent or 62.48 points to finish at 6,360.77, its sixth straight session in the positive territory.

The broader All Shares index also rose by 0.66 percent or 24.72 points to settle at 3,748.92.

"Philippine shares continued the recovery, getting a boost from the better than expected CPI (consumer price index) reading and strengthening peso," Luis Limlingan of Regina Capital said.