PSEi breaks 8,100 intraday
The Philippine Stock Exchange index (PSEi) broke past the 8,100 level and registered a new all-time high on Tuesday as inflation eased to 2.4 percent in March.
The PSEi climbed to an all-time intraday high of 8,136.97 before ending the session at 8,098.68, up by 44.94 points or 0.6 percent. Both levels surpassed the previous intraday high and record close posted yesterday at 8,062.79 and 8,053.74 respectively.
“Interest rates are expected to remain low with the benign inflation data released today which augurs well for the equities market. We hope to more see favorable developments in the coming months to help sustain the gains and attract more participation from investors,” PSE President and CEO Hans B. Sicat noted.
The PSEi has now had 26 record finishes since the start of the year. Year-to-date, the index has gained 12.0 percent.
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