It’s another historic close for the Philippine Stock Exchange index, which crossed the 6,800 level on Wednesday.
The benchmark index settled at 6,835.21, up 1.84%. This is already a thousand points or 17% up from last year’s close of 5,812. This is the 23rd record close of the year.
“Global markets are rallying on positive economic indicators, while locally, initial earnings reports of our listed companies have been generally better than expected. Given these promising developments, the sustained growth of the market finds more support that will hopefully lead us to reach new milestones,” PSE Chief Operating Officer Roel A. Refran said in a statement.
The PSEi also set a new intraday high at 6,842.97 points surpassing the previous record level of 6,725.36 points posted on March 1.