History Yet Again! PH Stocks Breach 6,000pts

Manila—(PHStocks)—Philippine stocks have continued their growth for the fourth consecutive trading day of the year. For the first time in its history, the bellwether Philippine Stock Exchange index (PSEi) breached the 6,000-point mark by closing today’s trading at 6,044.910, up 1.23% from Friday’s closing of 5,971.45 points.

All counters remain on the green, with the Mining and Oil sector gaining 1.79% from last week’s close. The Financials segment came in second with a jump of 1.57%, followed by the Property index, which closed 1.45% higher. The wider all-shares index meanwhile went up 0.88% to 3,811.71.

Trading may have been boosted by the positive note expressed by the First Metro Investment Group, which expects the domestic economy to expand by 7.5% to 8% this year amid benign inflation environment and record-low interest rates. First Metro also notes that spending for the upcoming elections, increased infrastructure projects as well as strong consumer and service sectors are supporting this bullish forecast.

About 3.32 billion shares changed hands today, valued at about PhP8.51 billion. There were 107 advancers against 71 losers, while 39 stocks remained flat.

Below are the top gainers for the day:

Below, meanwhile, are the biggest losers today:

Related Articles:

2 thoughts on “History Yet Again! PH Stocks Breach 6,000pts

Leave a Reply