New all-time high: PSEi closes above 8,500 for the first time

Philippine stocks recorded a new milestone today, with the Philippine Stock Exchange index (PSEi) closing above the 8,500 level for the first time in history.

After a two-day holiday on October 31 and November 1 which saw the market closed, the PSE resumed trading today, Thursday, November 2. At the market close, the PSEi breached the 8,500 barrier and closed at a new all-time high level of 8,516.02 points.

The PSEi jumped 150.76 points, an increase of +1.80% from its level in the last trading day.

Except for the Mining and Oil sector which collectively declined by -0.17%, all stock sectors ended on the positive. The Financials sector led the market with a +3.17% gain, followed by Holding Firms sector (up +1.91%) and Property sector (up +1.76%).

The ten (10) stocks that had the biggest price increases today are as follows.

Top 10 Biggest Stock Gainers

  1. Harbor Star Shipping Services (TUGS)
  2. PhilWeb Corp. (WEB)
  3. ItalPinas Development Corp. (IDC)
  4. Euro-Med Laboratories (EURO)
  5. Global Ferronickel Holdings Inc (FNI)
  6. Oriental Petroleum and Minerals Corp. (OPMB)
  7. Megaworld Corp. (MEG)
  8. Ginebra San Miguel Inc. (GSMI)
  9. Ayala Corp. (AC)
  10. I-Remit Inc. (I)

Meanwhile, the following ten (10) stocks suffered the biggest price declines today.

Top 10 Biggest Stock Losers

  1. Prime Media Holdings Inc. (PRIM)
  2. Lepanto Consolidated Mining Co. (LCB)
  3. Paxys Inc. (PAX)
  4. Basic Energy Corp. (BSC)
  5. Anglo Philippine Holdings Corp. (APO)
  6. Republic Glass Holdings Corp. (REG)
  7. Geograce Resources Philippines Inc. (GEO)
  8. Pacifica Inc. (PA)
  9. Premium Leisure Corp. (PLC)
  10. Suntrust Home Developers Inc. (SUN)

Today’s most actively traded stocks are as follows.

Top 10 Most Actively Traded Stocks

  1. Ayala Corp. (AC)
  2. Ayala Land Inc. (ALI)
  3. Banco de Oro (BDO)
  4. Bank of the Philippine Islands (BPI)
  5. Megaworld Corp. (MEG)
  6. GT Capital Holdings Inc. (GTCAP)
  7. Globe Telecom (GLO)
  8. SM Prime Holdings (SMPH)
  9. Bloomberry Resorts Corp. (BLOOM)
  10. SM Investments Corp. (SM)

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