PSE surges to fresh record finish

The Philippine Stock Exchange index (PSEi) surged by 53.94 points or 0.7 percent on Friday to a fresh record close at 7,728.18, surpassing the February 4, 2015 record close at 7,716.06.

Year-to-date, the PSEi has broken through new record highs 9 times. It has also posted a 6.9 percent gain since the start of the year.

“We are pleased with the market’s movement in the last five weeks. The record numbers registered by the index highlights the level of investor confidence in our market. We hope that our initiatives to raise awareness about investing at the PSE to fund managers here and abroad will see more investment inflows into our market,” PSE President and CEO Hans B. Sicat said.