PSEi hits 14th record high for 2015
Friday, February 20, 2015
PHILIPPINE shares surged to a fresh all-time high on Friday, the 14th time for this year.
The Philippine Stock Exchange index (PSEi) closed at 7,825.39, up by 21.94 points or 0.3 percent. The previous closing high was 7,803.45 reached on February 18.
“Trading activity may be muted because of the Lunar New Year break in other countries but it has obviously not kept the index from gaining," PSE president and chief executive officer Hans Sicat said.
"We are pleased that alongside the record highs, we have seen the market’s daily average turnover almost double to P11.70 billion from the same period last year. We hope that this level of activity will be sustained, and hopefully even improve in the coming months,†he added.
The PSEi has gained 8.2 percent year-to-date. (SDR/Sunnex)
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