The Philippine Stock Exchange Index (PSEi) has been flirting with the 5000 level for a few days the past week and was finally able to closed at an all-time high Friday, breaching the elusive 5,000 mark to close 77.69 points higher at 5,016.30 on P7.08-B value turnover.
Shares on the Philippine Stock Exchange closed at all-time high levels for the second successive trading day Monday, buoyed by foreign funds and expectations of higher government spending.The main PSE index advanced 14.28 points or 0.29 percent to close at 5,030.58.
Over 5.011 billion shares valued at P5.506 billion were traded during the morning and afternoon sessions.
Winners outpaced losers 92 to 71, with 40 issues closing unchanged.
Philippine shares fell on profit-taking Tuesday, weighed down by negative sentiment from other Asian markets and lower earnings reported by telco giant PLDT. The PSEi fell 63.39 points or 1.26 percent to close at 4,967.39.
