PSE index rallies anew to a fresh all-time high
The Philippine Stock Exchange index (PSEi) advanced to a fresh all-time high on Friday as it closed at 7,825.39, up by 21.94 points or 0.3 percent. The previous closing high was 7,803.45 reached on February 18.
Today’s record close is the fourteenth for the PSEi since the start of the year.
“Trading activity may be muted because of the Lunar New Year break in other countries but it has obviously not kept the index from gaining. We are pleased that alongside the record highs, we have seen the market’s daily average turnover almost double to Php11.70 billion from the same period last year. We hope that this level of activity will be sustained, and hopefully even improve in the coming months,” PSE President and CEO Hans B. Sicat said.
The PSEi has gained 8.2 percent year-to-date.
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