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January 6, 2018

PSEi Continues to Zoom Record High


The Philippine stock barometer continued to soar to record highs. The first trading week of 2018, though short, it made the Philippine stock barometer to zoom up a total of 211.58 points or around 2.5 percent.

It is now on it's 8th day of winning streak. The Philippine Stock Exchange index (PSEi) added 30.17 points or 0.35 percent to a new record finish of 8,770. 

According to  Doris Dumlao-Abadilla, business inquirer reporter, "The PSEi was led higher by URC, which rose by 5.06 percent, while GT Capital and San Miguel Corp. both added over 3 percent. Ayala Corp., Ayala Land and JG Summit all advanced by over 2 percent while DMCI added 1.94 percent. BPI, Megaworld and Meralco also contributed modest gains."

Read the full report at Philippine Daily Inquirer.

Ride on with care as the market will eventually self correct.

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