PSEi surges to 22nd all-time high
MANILA, Philippines - The benchmark index of the Philippine Stock Exchange broke records again on Thursday, February 28.
The PSEi closed at 6,721.45, up 1.59% or 105.18 points. This was also the intraday peak as buyers snapped shares a few minutes before the closing bell.
Thursday's close was a few points higher than February 25's 6,721.33, the first time the index breached the 6,700 milestone.
All sectors were up, led by Mining and Oil (up 376.58 points) and Industrial (108.29 points).
Total volume trades reached 5.265 billion with P18.519 billion value.
The PSEi, soon to be newly reconstituted, has been on a roll. The Paris-based World Federation of Exchanges (WFE) called it the 3rd best performing in the world in 2012, outpaced only by the bourses in Turkey and Thailand. - Rappler.com