PSEi breaks 6,100 level-A A +A
Friday, January 18, 2013
MANILA -- Philippine shares broke through a crucial 6,100 index ceiling Friday, setting a new closing high for the first time in market history.
The Philippine Stock Exchange index (PSEi) closed at a new record high at 6,139.21, gaining 67.03 points or 1.10 percent. This level eclipsed the record close posted on January 14, 2013 at 6,093.90.
"News affirming signals of economic expansion in China and the United States has been well-received by investors today. We continue to see a lot of interest in equities from our interaction with institutions and fund managers," PSE President and Chief Executive Officer Hans Sicat said.
The PSE is the country's only stock exchange with 253 listed firms and 133 active trading participants. PSE shares are also listed on the stock exchange. (SDR/Sunnex)