New 52-week high for the Philippines

|By:, SA News Editor

The Philippine Stock Exchange closed at a one year high overnight,  up 0.4% to 6,880.44, led by Universal Robina's 2.8% gain after strong quarterly earnings.

“Investors are repositioning their portfolios given the overall positive tone of local corporate earnings results, which continued to lift the local market,” says Luis A. Limlingan, managing director at Regina Capital Development.