PSEi rallies to another record high

The Philippine Stock Exchange index (PSEi) rallied to a new all-time high as it finished the session near the 8,000 level.

At the end of trading, the PSEi stood at 7,993.09 up by 52.60 points or 0.7 percent. The previous record close was 7,940.49 on March 31, 2015.

“Our stock market managed to close higher despite the decline in major Asian indices. This resilience has been evident as local economic and corporate developments continue to positively influence investor sentiment,” PSE President and CEO Hans B. Sicat said.

The PSEi has broken through new record highs for a total of 24 times since the start of the year and it has registered a gain of 10.5 percent year-to-date.

Trading at the PSE shall resume on Monday, April 6, 2015. There will be no trading on April 2 and 3 in observance of Maundy Thursday and Good Friday.