PSEi hits new highs

/ 04:23 PM January 04, 2018

The local stock barometer continued its trek to new highs on Thursday, firming up above 8,700 on selective buying of large-cap stocks.

Tracking mostly firmer regional markets, the main-share Philippine Stock Exchange index (PSEi) added 15.7 points or 0.18 percent to close at a new record high of 8,739.83. A new intra-day peak of 8,760.26 was likewise hit.


The PSEi was buoyed by the financial, industrial and holding firms.

On the other hand, the services counter fell by 1.12 percent while the mining/oil and property counters also slipped.


Total value turnover for the day amounted to P9.17 billion.

Despite the PSEi’s gain, market breadth for the day was negative. There were 121 decliners that edged out 86 advancers while 47 stocks were unchanged.

Investors loaded up on shares of Metrobank, GT Capital and BPI, which all gained over 2 percent.

SM Prime and URC both added over 1 percent.

SM Investments, Puregold and AGI also contributed gains.

One notable gainer outside the PSEi was Now Corp., which racked up 8.77 percent.

On the other hand, Ayala Land tumbled by 2.75 percent while Security Bank, PLDT and JG Summit all fell by over 1 percent.


BDO, Jollibee and Megaworld also dipped.

Subscribe to Inquirer Business Newsletter
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Philippine stocks, PSEi
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.