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Byline: Neil Jerome C. Morales
Excitement over the presidential inauguration on Wednesday lifted stocks to a fresh 29-month high yesterday.
The Philippine Stock Exchange index (PSEi) advanced by 0.34% or 11.44 points to 3,363.90, its highest since it touched 3,447.29 on Jan. 15, 2008.
The broader all shares index slightly rose by 0.07% or 1.49 points to 2,140.56.
Trading volume jumped but value declined, with 4.248 billion shares worth P2.21 billion changing hands, from 2.783 billion shares worth P3.534 billion on Friday.
Foreign buyers outperformed sellers for the second straight day by P105.687 million.
Decliners outpaced …