PHStocks Week in Review: History in the Making

Manila—(PHStocks)—If last week was phenomenal, this week has been historical; one that would go down in the annals of the Philippine stock market history.

Philippine stocks opened the week of January 7 on strong note, with the bellwether Philippine Stock Exchange index (PSEi) gaining 1.23% to close the trading day at a record high 6,044.91 – the first time that PH stocks breached the 6,000-point mark.

On Tuesday, January 8, the PSEi managed to even out the early profit taking in the market by closing at 6,048.9.

The rally continued on Wednesday, January 9, as PH stocks marked the sixth trading day of the year with another record high 6,091.18, up by 0.7% and gaining ground from the previous day’s almost-flat growth.

Of course, profit-taking is always at bay when stocks are on the rise. And PH stocks are not exempted. On Thursday, January 10, a whopping PhP23.2 billion worth of shares changed hands in the market as the PSEi slid by 1.19%. The positive note despite this, however, is that the index maintained its foothold in the 6,000-pt territory, closing the day at 6,018.57.

Capping the week is a market rebound on Friday, January 11, with the PSEi gaining 0.55% to close at 6,051.75 – up by 1.34% from last week and 6.04% over a four-week period.

Below are the top 30 gainers for the week:

Below, on the other hand, are the top 30 losers:

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