The stock market hit new record highs on Thursday with analysts noting continued investor confidence ahead of the end of the so-called “ghost” month. The Philippine Stock Exchange index (PSEi) gained 1.13 percent and broke past the 8,100 resistance level to close at 8,144.91, a new all-time high. The previous record of 8,127.48 was set more than two years ago on April 10, 2015. The PSEi also hit a fresh intraday high of 8,169.64, surpassing the previous record of 8,136.97 posted on April 7, 2015. “So in light of these things, I think there is no reason for investors not to be confident.”PSE President and CEO Ramon Monzon said the stock market’s surge underpinned investor confidence in the Philippine market and the economy.

Source: Manila Times September 14, 2017 17:37 UTC