The local stock market advanced to a new record high on Tuesday as investors gobbled up blue-chip stocks on expectations of firm 1Q12 corporate earnings and sustained economic growth for this year.

The PSEi main index rose 39.82 points, or 0.8% higher from Monday, to close at 5,157.28, an historic high. The index jumped to an intra-day high of 5,186.52, up 1.3% for the day, before settling down to a lower level.




Megaworld Corp. (MEG) reported a 2011 net income of PhP8.0 billion, up 60% from PhP...
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