The Philippine Stock Exchange (PSE) index extended its rally to a new record high on Tuesday, its 11th so far in the year.
The PSEi gained 42.31 points or 0.68 percent to 6,234.73, surpassing the 6,192.42 record close on Monday.
"The volumes we've seen in the past few days show that there is increased liquidity in the system that is finding its way into the stock market," said PSE president and CEO Hans B. Sicat.
"This is supported further by expectations of benign inflation and low interest rates. Sentiment continues to be upbeat on the growth performance of the Philippine economy for the year which should support the index's journey to new territories," he added.
More than 2.669 billion shares valued at P10.131 billion were traded.
Winners led losers 109 to 67, with 40 issues unchanged. — Victor Sollorano/BM, GMA News
0 comments:
Post a Comment