PH Stocks Rally Past 6,800

ScreenShot008Manila—(PHStocks)—Positive sentiment in some major markets worldwide helped push the Philippine stocks way past the 6,800 mark Wednesday, 6 March. The mainboard Philippine Stock Exchange index (PSEi) surged to gain 1.84% or 123.49pts to close today’s trading at 6,835.21 – a new record for the bourse – as more investors take part to join in the boom of the local market. This is also after the Dow Jones industrial average soared to a new record high last seen in 2007.

All counters may have recovered their losses during the series of profit taking last week and early this week. The biggest gainer is the Property index, which posted a 2.86% growth, amid the continuing real estate growth in the country. The Holding Firms sector, meanwhile, gained 2.42%. The wider All Shares index, overall, edged higher by 1.25%.

Trading remained heavy, with value turnover reaching PhP13.12 billion on 3.72 billion shares traded. There were 117 gainers against 61 losers, while 38 stocks remained flat.

Below are the day’s biggest gainers:

The biggest losers, meanwhile, are as follows:

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