The Philippine stocks and the peso ended higher on the final trading day of the week, boosted by the positive performance of the US financial markets.
The Philippine Stock Exchange index climbed 12.59 points, or 0.19 percent, to close at 6,686.09, while the broader all-shares index inched up by 0.42 points, or 0.01 percent, to finish at 3,508.61.
Philstocks Financial Inc. analyst Claire Alviar said the local bourse rose following the positive sentiment from the performance of the US markets overnight, as the US gross domestic product in the fourth quarter of 2023 came in stronger than expected.
Market heavyweight SM Investments Corp. rose 2.3 percent Friday and helped pushed the market higher. Total market turnover reached P4.82 billion.
The peso also rebounded Friday to close at 56.29 against the US dollar from 56.53 Thursday.