PSEi hits new high-A A +A
Monday, January 28, 2013
MANILA -- Philippine shares extended their rally to a new record closing high on Monday, owing to positive developments abroad, an official said.
The Philippine Stock Exchange index (PSEi) finished at 6,192.42, gaining 24.78 points or 0.40 percent. This level surpassed the 6,171.70 level posted last January 21, 2013. Year-to-date, the PSEi has registered 10 incidences of record closing highs.
"Asian markets today were optimistic on global growth given favorable economic data from China on industrial profits. This further affirms the long-term growth story of the Philippines which continues to attract investors to the stock market," PSE President and Chief Executive Officer Hans Sicat said.
The PSE is the country's only stock exchange with 253 listed firms and 134 active trading participants. PSE shares are also listed on the stock exchange. (SDR/Sunnex)