PSEi closed record high at 4,822
The local barometer snapped above 4,800 Thrusday, gliding with Wall Street's overnight ascent (DJIA +83 points; Nasdaq +34), alongside improvements in US & Europe economies. The PSEi zoomed 106 points at 4,822.08 (+2.26% day-on-day), powered by holdings (+3.70%); & property (+2.56%). SM (+P51.50 at P677); AC (+P25 at P387); TEL (+P70 at P2,798) led the rally, while AGI (-P0.26 at P10.72); NI (-P0.07 at P8.92); & MEG (-P0.02 at P1.74) lagged. Value turnover Participation was stronger at P17.88bn, as gainers pounded losers 109-57. Net foreign buying was P2.5bn.