Monday, May 21, 2007

PSE shares hits new record

Shares close higher on Wall St. rise; index hits new record

MANILA, Philippines -- (UPDATE) Share prices closed higher as the market rode on the momentum of another surge on Wall Street last Friday, with strong interest in power distributor Manila Electric Co. (Meralco) helping lift the main index to a new intraday high and another record finish, dealers said.

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