The Philippine Stock Exchange index (PSEi) broke past the 9,000 mark and finished Friday’s trading session at a record high of 9,041.20, up by 42.03 points or 0.5 percent from yesterday’s close.
“While the PSEi was unsuccessful in its two attempts earlier this week to break the 9,000 level, today the index finally penetrated this important mark. The journey to record territory reflects the high confidence investors have in our market,” said PSE President and CEO Ramon S. Monzon.
Since the start of the year, the PSEi has broken through new record highs for a total of 8 times.
“We are hopeful that the market’s level will be sustained on the back of solid macroeconomic fundamentals and on expectations of upbeat corporate earnings from our listed companies. Our market is likewise in sync with regional bourses that have reached record highs this month,” Mr. Monzon added.
Year-to-date, the PSEi has gained 5.6 percent.