PSEi surpasses 8,000 on Japan pledgehome/Business/Top Business/PSEi surpasses 8,000 on Japan pledgeTHE stock market jumped to a one-month high on Monday as investors cheered the news that Japan had vowed to support the Philippines’ infrastructure projects, alongside cuts in the reserve requirement ratio (RRR) and expectations of a lower inflation rate. The last time the index hit the 8,000 territory was on May 2, when it settled at 8,001.57. The broader All Shares, meanwhile, inched up by 1 percent or 48.64 points to end at 4,939.01. The property index was a notable gainer, having increased by 3.29 percent, making it the highest among the sectoral indices. Real-estate developers Ayala Land Inc., SM Prime Holdings Inc., Megaworld Corp., Robinsons Land Corp. and Filinvest Land Inc. were among the most actively traded issues during the day.

Source: Manila Times June 03, 2019 16:25 UTC