PH Stocks Rise Anew; PSEi Hits Record 6,171.7

Manila—(PHStocks)—The continuing optimism that the country is set to achieve its investment grade rating this year propelled Philippine stocks to a new high, with the mainboard Philippine Stock Exchange index (PSEi) reaching a new record of 6,171.7 – up 0.53% from last week’s close.

The wider all-shares index also went up, gaining 0.38% to 3,877.24. All counters except for the Industrials index also inched higher, led by the Services sector which rose by 2.15%. The Holding Firms segment was up by 0.74% while the Mining and Oil index further its growth by 0.66%.

About 2.93 billion shares changed hands today, valued at PhP6.14 billion. There were 88 advancers compared to 69 decliners, while 51 stocks were flat.

Below are the top gainers at the start of this trading week;

Below, on the other hand, are the top decliners:

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