After several hits on record highs and after bridging the 5,500 mark for the first time in Philippine Stocks Exchange history, the PSE is still unstoppable as it hits yet again its all time new record high.
Philippine Stocks Exchange closed today at 5,586.45, up by 7.03 points or 0.13% from its previous close yesterday of 5,579.42. Most of the indeces today are up except for the Holding Firms and Mining and Oil which slipped down 23.80 points at 4,873.72 and 145.02 points at 18,575.95 respectively.
Most active in today’s trading were SM Prime Holdings, Inc., BDO Unibank, Inc., Philippine Long Distance Telephone Company, Manila Electric Company and SM Investments Corp among others. Meanwhile among top gainers were Touch Solutions, Inc up by 47.78%, Liberty Flour Mills, Inc up by 15.00% and Prime Media Holdings, Inc. up by 6.56%. Top losers on the other hand were Calapan Ventures, Inc down by 11.96%, Southeast Asia Cement Holdings, Inc. down by 7.30% and Highlands Prime, Inc. down by 5.26%.
This recent achievement by the PSE showed how strong the Philippine economy is. It’s also a signal that Philippines is indeed gearing towards being an alternative investment haven not only in Asia but around the world. And with this successive record highs it’s no wonder for PSE to be the one of the Asia’s favorite stock markets.
- Three new records for Nov. 26: PSE index, T-bill, peso (rappler.com)