Another record breaking Monday for the PSE index as it closed to 4,188.31 up by 76.48 points!
The Philippine Stock Exchange index skyrocketed to a new record high Monday as investors intensified their positioning with a view to riding on the prevailing optimism toward corporate earnings and economic fundamentals.
“While foreign investors remain the main catalyst behind the market’s bullrun, domestic participation investors is likewise increasing, ” according to CEO Paul Joseph Garcia of ING Investment Management, the largest equity-based investment trust fund unit in the Philippines. GMANews.tv
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Sta. Lucia Land, Inc. (SLI) came on 2nd best gainer as it closed at 2.37. Up by 9.22% with a 33.5M volume in one day! ORE closed slightly higher at 3.19 from 3.05, I’m expecting this to break 3.25 tomorrow.
The property stocks on my list also had some sweet gains, RLC, ALI, FLI, and RLT. 😉 While the holding firms MPI, and SMPH did quite well.
Keep them coming and keep counting your blessings! This is only the beginning… 😉