Quantcast
Latest Stories

PSEi breaches 6,400 mark



Local stocks rallied further into uncharted territory on Monday, breaking past the 6,400 mark for the first time, as yield-seeking investors snapped up equities amid rosy prospects for the year.

The main-share Philippine Stock Exchange index soared by 117.37 points or 1.86 percent to close at a new record high of 6,435.98.  A new intraday peak was likewise touched at 6,449.44. This marked the local stock market’s 14th record breakout for the year and the 75th under the term of President Aquino, whose anti-corruption campaign has boosted investor confidence in the country.

Fund managers said new money was pouring into the market as reflected by the increasing value turnover. With interest rates at record-low levels, some investors are reallocating more funds into equities. Based on anecdotal evidence, there is a growing list of institutional and retail investors buying into the market for the first time.

At the same time, the upbeat sentiment on Wall Street is also supporting regional risk appetite specially after the latest US jobs and factory data boosted expectations of economic recovery.

“Demand for local equities is very strong,” said the chief of a leading foreign brokerage.

Value turnover at the stock market yesterday amounted to P11.18 billion. There were 130 advancers that overwhelmed 50 decliners. All sectors jumped but the day’s biggest gainer was the holding firm counter (+2.57 percent) as conglomerates are seen as a proxy to the growing economy.  Doris C. Dumlao


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , stocks

  • Iggy Ramirez

    There are several courses in Coursera (coursera dot org) that offer education in finance, some of which dig deeper into the rudiments of stock markets. Although they are free, one needs some basic to advanced background in mathematics to really catch up with the content as these courses are offered by some of the best universities in the world. Most of them give certificates and statements of accomplishments, some even offer job placement if you completed programming courses. Coursera is composed of at least 38 universities, most of which are in the top 50 best universities in the world.

    There is also another website that offers free courses, the edX (edx dot org), and is comprised by MIT, Harvard, Stanford, Johns Hopkins, UC Berkely, among others. This website mostly offers technical courses and the contents are very tough and very long. This is because unlike coursera, edX gives away certificates. Coursera offers only statements of accomplishments. 

    At the moment they are free but rumours have it that because hiring the best professors in the world (most of whom have several PhDs), is very expensive, these websites might charge at least $100 per subject in the near future. Coursera now has at least 2.5 million students in over 200 subjects. Statistics revealed that students are mostly professionals (at least 65%), so it comes as no surprise that they may be able to pay the fee, leaving the students and some have-nots unable to avail themselves of the great opportunity to learn.

    I’m taking a course in advanced calculus in coursera and take electronics at edX. Some of the things that I learn in calculus find use in electrical engineering and electronics. The load is very demanding and it’s like going back to college.

    One thing though, the video lectures are quite big, especially the ones in edX (1080 resolution), so it is imperative that one should at least have a decent broadband connection in order to download the lectures. Learning would also benefit tremendously if one has at least a 46″ TV and a good stereo or surround system (like the home theater). They are not required depending on one’s determination to learn but learning would be more effective if there is a good simulation of the actual classroom. One can really get the feeling of being there. If one cannot afford these contraptions, at least invest in a good pair of speakers or headsets

  • http://profile.yahoo.com/ZXMOPXPALH325LDJONH3TTQBFY cutie

    Instead of complaining, mag invest na lang kayo dito. Stock market is not for the rich only. Uneducated lang ang nagsasabi na para lang sa mga mayayaman ito. If you know how to read and write comment on the business section of the news, then it is pretty much easier to invest in the stock market. 

  • txtman

    THAT IS GOOD

    ALTHOUGHT ONLY THE RICH WILL BENEFIT FROM IT
    .
    .

    BAKIT KAYA, THEY ALWAYS SAY, IT IS BECAUSE OF PENOY?

    HUH?

    ANG STOCK MARKET AY HINDI UMAANGAT NA LANG DAHIL KAY PENOY

    IT IS BECAUSE OF THE GOOD ECONOMIC FUNDAMENTALS

    THAT WERE PLACED BY

    GLORIA ARROYO

    OO

    DAHIL KAY

    GLORIA ARROYO

    AND

    FROM THE GOOD NEWS OVERSEAS

    AND

    FROM

    BAD/POOR/GOOD  PERFORMANCES OF OTHER STOCKMARKETS AROUND THE WORLD
    .
    .
    .
    YAN LANG YUN

    MASYADO NAMAN

    OA

    KISSING PWET LAPDOGS

    ITONG MGA CORRUPT MEDIA NA MGA ITO

    AYUSIN SARILI NINYO

    MAGREPORT KAYO NG MAAYOS

    PARA HINDI KAYO NAKAKAHIYA

    KISSING PWET

    PITIFUL

    AHAHAHAHAHAHAHA

    • stupid_me

      praning

    • 1voxPopuli

      @txtman:disqus  = Elena Bautista-Horn

    • ProudPinoyinLosAngeles

      Wow seriously! Gaano ba kalaki ang ninanakaw mo kaya’t kabado kang makasama ang amo mong pandak sa kulungan! LOL Mahiya ka naman sa balat mo? And you call yourself Filipino? Pathetic “crab”! Traydor sa bayan! LOL

  • ProudPinoyinLosAngeles

    God bless the Philippines!!! 



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Seabed search for missing Malaysian jet to widen
  • Lacson rejects calls to name ‘pork’ execs
  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Malaysia to release MH370 report–PM
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Corruption not invincible after all
  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • Global Nation

  • Filipinos second-shortest in Southeast Asia
  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • Marketplace