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Stocks still rising; PSEi at 6,565.23

The local stock market surged to a new record high Monday on good news from the recent G-20 meeting and a string of favorable local corporate developments.

The main-share Philippine Stock Exchange index added 43.59 points or 0.67 percent to close at its highest ever finish of 6,565.23. A new intra-day peak was also hit at 6,582.51.

The cyclical financial and property counters led the day’s upswing, both rising by more than 1 percent. Only the mining/oil counter was in the red, although Semirara had started to recover from last week’s selldown after a landslide at its Antique mine killed at least five people.

Value turnover amounted to P8.86 billion. There were 97 advancers that edged out 86 decliners while 41 stocks were unchanged.

The day’s biggest index gainers were SM Development (+11.18 percent), Petron (+3.37 percent), SM Prime (+3.17 percent), Semirara (+3.11 percent), Megaworld (+2.72 percent), Manila Water (+2.46 percent), Metrobank (+2.22 percent), BDO (+2.03 percent), Jollibee (+1.71 percent) and SMIC (+1.01 percent). Doris C. Dumlao

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Tags: Business , stocks

  • Count du Fount de Cakes


  • Count du Fount de Cakes

    Fair Values of my favorite stocks are up!! Time to buy again!!!

  • indiosbravos2002


  • Weder-Weder Lang

    Malapit na! Malapit na mag 6600!

    Ibabandera ito muli ni Doris Dumlao, tila nakakabuti ang pagpasok na labis na hot money sa Pinas.

    Ibabandera rin ito ni Pnoy tila ang labis na hot money ay magpapalago sa ating ekonomiya.

    Mabuhay ang hot money!

    • http://twitter.com/hp2184 RJ Legaspi

      Stock price index is one of the economic indicators. I’d rather be optimistic about this news and contribute. There’s a thin border line between being critical and cynical. Cynics always end up on the loosing side. 

      • Weder-Weder Lang

        Galing RJ. Critical or cynical, nice play on semantics. Pero ang babaw. No economic sense.

      • http://twitter.com/hp2184 RJ Legaspi

        Indeed! Senseless for people who doesn’t understand. Senseless for people who always complain and do not do their share. I’m sure you have more “capabilities” other than complaining. 

      • Weder-Weder Lang

        Lol! Wala kang alam sa ekonomiya, mali pa grammar mo. Hindi complaint yun ah, i’m just correcting you.

      • http://twitter.com/hp2184 RJ Legaspi

        I’m not an economist but I do make sure that money works for me and not the other way around. When you learn the rules in “capitalization” you have every right to correct me. Thanks though for correcting, I gladly accept it. 

      • Weder-Weder Lang

        Thanks for sharing your philosophy on money. Good luck with your investment.

      • http://twitter.com/hp2184 RJ Legaspi

        Thanks and don’t worry I do not invest “all” in stock market. If stock investment fails today I’m sure it would recover and would be more valuable by the time I need it. 

  • http://www.facebook.com/profile.php?id=1661811082 John Farley Bañez

    bakit po buh nka dag2 nang pag taas ang G20 meeting?

    • http://pulse.yahoo.com/_V6JTYBZXUSXIDCD67ACZK7NUKM Joseph

      International stability gives confidence to investors that they won’t need their cash soon so they can put it in the stock market. :)

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