PH Stocks Hit New Record

PSE-18FebManila—(PHStocks)—Philippine stocks rallied on Monday as the market enters the earnings report season. Fueled by investors optimism in the fourth quarter and full-year 2012 financial performance of local players,  the mainboard Philippine Stock Exchange index (PSEi) made history yet again as it gained 0.67% to close today’s trading at 6,565.23, a new record for the local bourse. The wider All-Shares index, meanwhile, gained 0.45% to close at 4,119.95 as investors across the board try to take advantage of this positive trend.

On a sectoral basis, most counters – except for the Mining and Oil sector, which is still feeling the effects of last week’s accident at Semirara Mining Corp.’s (PSE: SCC) coal site – were up, led by the Property (+1.26%) and Financials (+1.09%) indices.

Trading volume reached 2.408 billion, with value turnover of PhP8.86 billion. There were 97 gainers against 86 losers, while 41 stocks remained flat.

Below are the top gainers for the day:

The biggest decliners for the day, meanwhile, are as follows:

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