Philippine stock index crosses 7,400

Reading Time: 1 minute

PSE girlThe index at the Philippine Stock Index rose to a new record in May 15 intraday trading to over 7,400 points after relatively peaceful elections encouraged investors.

At 2.49pm local time on May 15, the PSEi reached 7,403,65, up 90.19 points or 1.23 per cent, the highest value ever.

Most actively traded stocks were led by SM Investments, International Container Terminal Services, Metro Pacific Investments, Philippine Long Distance Telephone Co and BDO Unibank. Top gainers on May 15 were led by House of Investments, iRipple, Primex Corp, Oriental Petroleum and Mining and Island Information and Technology.

The benchmark index marked its 31st record this year. Some holding firms in the mining and oil sector were in the red, while the service and financials sector led gainers. Before the elections, the index also closed at record high on May 10.

Traders expect the PSEi to remain within a 7,300-7,400 trading range near-term.

IPOs for 2013 in the Philippines are planned by Resorts World Manila, Asia United Bank and Travellers International Hotel Group.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

The index at the Philippine Stock Index rose to a new record in May 15 intraday trading to over 7,400 points after relatively peaceful elections encouraged investors.

Reading Time: 1 minute

PSE girlThe index at the Philippine Stock Index rose to a new record in May 15 intraday trading to over 7,400 points after relatively peaceful elections encouraged investors.

At 2.49pm local time on May 15, the PSEi reached 7,403,65, up 90.19 points or 1.23 per cent, the highest value ever.

Most actively traded stocks were led by SM Investments, International Container Terminal Services, Metro Pacific Investments, Philippine Long Distance Telephone Co and BDO Unibank. Top gainers on May 15 were led by House of Investments, iRipple, Primex Corp, Oriental Petroleum and Mining and Island Information and Technology.

The benchmark index marked its 31st record this year. Some holding firms in the mining and oil sector were in the red, while the service and financials sector led gainers. Before the elections, the index also closed at record high on May 10.

Traders expect the PSEi to remain within a 7,300-7,400 trading range near-term.

IPOs for 2013 in the Philippines are planned by Resorts World Manila, Asia United Bank and Travellers International Hotel Group.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid