PSE index breaches 7,500 level
The PSE index broke past the 7,500 level for the first time as it hit a new all-time intraday high of 7,530.41.
The PSEi ended Wednesday’s session at an all-time record close of 7,490.88, up by 1.2 percent or 91.88 points.
“We are pleased to see the index reach a new record. We are optimistic that solid economic fundamentals and corporate profits will continue to fuel the market’s upward momentum,” said PSE President and CEO Hans B. Sicat.
The previous all-time high closing level was 7,402.72 while the previous all-time intraday high was 7,446.66 on January 9, 2015.
The Philippine Stock Exchange will be closed for trading on January 15 and 16, 2015 in line with the special non-working holiday declared in the National Capital Region. Trading at the PSE will resume on Monday, January 19, 2015.
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