PSE index closes at all-time high

September 14, 2017

The Philippine Stock Exchange closed at an all-time high of 8,144,91, up 91.23 points on Thursday. It eased off from the intraday high of 8,169.64. In the broader market, there were 111 gainers, 85 decliners and 62 unchanged. Volume reached 1.26 billion worth P8.45 billion. "The closing level is the highest for the main index since April 10, 2015, when the PSEi closed at 8,127.48," the PSE said in a statement. “The stock market’s surge to a record high underpins investor confidence in the local economy and in the Philippine capital markets. The Philippines remains a favorite among emerging markets as it continues to provide attractive returns,” said PSE President and CEO Ramon  Monzon. Most active shares included Ayala Land, up 1.15 percent to P34.50, Semirara Mining and Power Corp, up 3.07 percent to P47 and SM Prime, up 2.99 percent to P34.50. The peso closed at P51.165 against the US dollar from P50.975. Volume at the Philippine Dealing System reached $633.55 million from $610.40 million. DMS