Home > Celebrations > philippine stock market breaks the 5,500 mark, 28th time record high broken in 2012

philippine stock market breaks the 5,500 mark, 28th time record high broken in 2012

the philippine stock market reached a new and important milestone today – it reached the 5,500 index mark and breaks the record high an impressive 28 times this year. the 5,500 mark is an important psychological barrier. we almost felt it will not be reached this year but it is great news that it did so towards the end of november.

this new high was reached at the back of the impressive recovery of the Dow Jones last night. the philippine stock market tends to react positively on good news from the dow jones.

the philippine stock market will probably be one of the best performing not only in asia but also in the world by the end of the year. unless the dow jones tanks by january 2013 with the fiscal cliff happening in the US, the philippine stock market is expected to rise even higher in 2013 as it is an elction year and the phillippine economy usually spikes up during election years. it is possible that the philippines stock market will go up as well.

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