Thursday, September 16, 2010

PSEi hits 4,005.46 mark, Peso reaches 44.293 to the US$

The Philippine Stock Exchange index (PSEi) hit the 4,014 points before closing 0.8 percent or 31.98 points higher at 4,005.46 Thursday.

The broader all-share index also went up by 0.8% at 2,497.14.

A total of 4.1 billion shares worth P6.625 billion changed hands.

“Year to date, the stock market has gained a total of 31.21 percent or 952.78 points. For the same period the stock market has also generated wealth worth P1.5 trillion in terms of domestic market capitalization. We continue to be invigorated by these bullish trends and look forward to new highs this year,” PSE president Val Antonio B. Suarez said.

The PSE continues to undertake several initiatives to broaden the market’s breadth and depth, including the introduction of new investment products and the successful roll-out of a New Trading System last July, which was developed by NYSE Technologies.

It is the country's only stock exchange with 250 listed firms and 132 active trading participants.

Meantime, the US$ and PhP exchange rate for September 16, 2010 was as follows:

US$ 1.00 = PhP 44.293
(With reports from PNA and Bangko Sentral ng Pilipinas)

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