PSE Index briefly trades above 7,000 in morning session

August 20, 2024
12:51PM PHT

The Philippine benchmark index (PSEi) rallied to its highest level in over four months amid optimism over further interest rate cuts and positive sentients overseas. 

The PSEi traded as high as 7,005.27 before finishing the morning session at 6,950.35, a gain of 0.88 percent over the previous trading day. 

The top traded stock was tycoon Enrique Razon Jr.’s International Container Terminal Services, which made a new 52-week high at P421 per share before finishing at P412.40 by the noontime break. 

It was followed by BDO Unibank (+1.77 percent), Ayala Land Inc. (-0.58 percent) and Digiplus Interactive (-.58 percent per share). 

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