PSEi Hits Record High

Manila—(PHStocks)—The Philippine Stock Exchange (PSE) index reached a new high on Friday, 23 January, buoyed by the European Central Bank’s (ECB) stimulus announcement last night.

Investors worldwide cheered the announcement by ECB President Mario Draghi that the bank will start buying bonds worth €60 billion a month. This has fueled a positive market sentiment today, with majority of the stock markets in the region closing this week’s trading on the positive side.

PSEi, meanwhile, posted a gain of 1.79% or 132.62 points to finish today’s session at 7,548.93. All counters are in the green category, led by the Property segment (+2.1%) and Holding Firms (+2.05%).

Trading volume reached 4.87 billion today, valued at PhP12.2 billion. Foreign buying reached PhP6.58 billion, while foreign selling totaled PhP5.75 billion, for a net buy of PhP830 million. There were 114 gainers against 68 losers, while 42 stocks were flat.

Most active:

1. JG Summit Holdings Inc. (PSE: JGS): PhP63.75, 2.66%
2. Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,962.00, 0.2%
3. Ayala Land Inc. (PSE: ALI): PhP35.65, 2.3%
4. Metropolitan Bank & Trust Co. (PSE: MBT): PhP93.25, 3.61%
5. Universal Robina Corp. (PSE: URC): PhP202.00, 2.69%

Gainers:

1. The Philodrill Corp. (PSE: OV): PhP0.022, 22.22%
2. Oriental Petroleum and Minerals Corp. “B” (PSE: OPMB): PhP0.016, 14.29%
3. Jackstones Inc. (PSE: JAS): PhP3.70, 8.19%
4. Oriental Petroleum and Minerals Corp. “A” (PSE: OPM): PhP0.014, 7.69%
5. TKC Steel Corp. (PSE: T): PhP1.72, 7.5%

Weak performers:

1. Abra Mining & Industrial Corp. (PSE: AR): PhP0.0064, -5.88%
2. Boulevard Holdings Inc. (PSE: BHI): PhP0.105, -5.41%
3. Asia Amalgamated Holdings (PSE: AAA): PhP1.25, -5.3%
4. Manila Mining Corp. “B” (PSE: MAB): PhP0.018, -5.26%
5. SOCResources Inc. (PSE: SOC): PhP1.04, -3.7%