Living on its billing as one of Southeast Asia’s better performing indices, the Philippine Stock Exchange index (PSEi) hit 4,285.07 points during the course of Wednesday’s trading day.
Although slightly lower than Oct. 22’s benchmark of 4,286.87 points, value turnover was placed at P5.505 billion.
Trades consummated hit the 15,010 level while there were 68 gainers, 73 losers, and 39 unchanged issues during the course of Wednesday’s trading.
The trading only reflects investors’ optimism in the country’s economy.
“It has accelerated by 33.9 percent year-on-year in terms of total value traded and by 31.8 percent in average daily value in the first nine months,” PSE chief Hans B. Sicat earlier said of the PSEi’s bullish performance.
Sicat added that the increase in nominal levels demonstrate the belief that the Philippine market is more stable relative to certain peers and show a strong confidence level in the country’s prospects.(PNA)