The Philippine Stock Exchange Inc. (PSE) celebrated the last trading day of 2017 with a bell ringing ceremony at the Ayala and Tektite Trading Floors.
The PSE also marked the first time that the PSE index (PSEi) closed at a record high on the last trading day of the year. On Friday, 29 December 2017, the PSEi rose by 23.33 points or 0.3% to 8,558.42. This was the 14th time that the main index closed at an all-time high this year. For 2017, the PSEi gained 25.1%.
Five of the six sectoral indices also posted year to date gains. The Financials sector was up the most as it rose by 34.7% for the year. The Mining and Oil sector on the other hand was the lone decliner as it lost 3% in 2017.
Daily average value turnover rose by 3.2% year to date at PhP8.06 billion.