PSEi ends 2012 in the green, up 33% from last year

Posted at 12/28/2012 4:43 PM | Updated as of 12/29/2012 8:41 AM

MANILA, Philippines - The Philippine Stock Exchange index closed in the green on the last trading day of the year, finishing at 5,812.73 points.

The year-end close of the PSEi represents a 32.95% growth from the 4,371.96-finish in 2011.

The Philippine Stock Exchange (PSE) closed the year with a bang. Shown in the photo during the last trading day ceremonies are PSE President and CEO Hans Sicat, PSE Director Vivian Yuchengco, and PSE Chief Operating Officer Roel Refran. Courtesy of PSE

The broader all-shares index, meanwhile, gained 0.32% or 11.89 points from the previous day to close at 3,698.98 on Friday.

All sub-sectors closed in the green except for financial firms which fell 0.51% or 7.88 points to 1,525.95, and the services industry which went down 0.36% or 6.20 points to 1,724.65.

Industrial companies led the advancers with a 1.04% or 91.26-point gain to close at 8,877.29, followed by holding firms that rose 0.84% or 42.83 points to 5,150.76.

Mining and oil firms climbed 0.83% or 159.53 points to 19,408.38, while property companies went up 0.31% or 7.02 points to 2,304.63.

Analysts had expected the PSEi to finish the year between 5,500 and 6,000, as the country's strong macroeconomic fundamentals coupled with a slowdown in the US and European economies encouraged investments in the Philippine bourse.

The PSEi capped the year with 38 record highs, the latest of which was hit on Dec. 26 at 5,832.83 points.