PSE index climbs to new high

The Philippine Stock Exchange index (PSEi) closed at a new all-time high on Wednesday, the eighth record finish for the main index since the start of the year.

The PSEi ended at 7,716.06 up by 102.91 points or 1.4 percent, eclipsing the January 30, 2015 record close of 7,689.91.

“While the PSEi trekked higher mostly in-step with Wall Street and other Asian markets, the Philippine story remains attractive to investors. The positive expectations continue to support the market’s uptrend,” said PSE President and CEO Hans B. Sicat.

The PSEi also climbed to a new all-time intraday high at 7,738.12. The previous all-time intraday high was 7,736.97 on January 29, 2015.