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Yehey IPO: Stock rises 170% on first trading day

Investors of financial holdings firm Vantage Equities (PSE stock code: V) who received shares of Yehey! Corporation as property dividends in 2007 have a genuine reason to rejoice, now that shares of Yehey! Corp. are being traded on the Philippine Stock Exchange.

Yesterday, October 18, digital marketing company YEHEY debuted on the PSE and its stock price registered a 170% increase from its initial listing price of P1.00 to close at P2.70.

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Philippine stocks reach new all-time high (April 26, 2012)

The bullish trend in Philippine stocks continued today as the benchmark Philippine Stock Exchange index (PSEi) closed at a new all-time high level of 5,218.97.

The index rose 14.14 points or 0.27% from yesterday’s trading primarily due to the upbeat performance of Wall Street hours earlier and optimism over a possible gas find by Philex Mining Corporation (PX) the country’s largest mining company.

Decliners outnumbered gainers, 102 to 79, with more than 5.405 billion shares valued at P7.616 billion traded in today’s transactions.

Today’s highest gaining stocks are as follows:

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