SHARE prices zoomed to another record-high close on Tuesday, with the main index closing two points shy of the 8,400-mark on higher buying ahead of the release of third-quarter corporate figures.
The benchmark Philippine Stock Exchange index gained 30.66 points to close at 8,398.04 points.
Analysts said investors are positioning ahead of the release of the third-quarter reporting season that will start next week.
The third quarter is usually the weakest quarterly period for the year for most companies.
Total volume of trade reached 1.63 billion shares worth P7.16 billion.
The main index opened at 8,354.88 and reached a high 8,409.92 during the day as investors pocketed gains along the way.
Most of the subindices gained, led by the All Shares index that rose 12.79 to 4,922.71. The Financials index climbed 15.24 to 2,017.06. The Industrial index shed 4.52 to 11,097.98, and the Mining and Oil index declined 172.31 to 13,846.83.
Ayala Corp. was the day’s most actively traded, and gained P11 to close at P1,050. Its property arm Ayala Land Inc. was unchanged, at P43.30. SM Investments Corp. rose P21.50 to P940, while PXP Energy Corp. was down P0.18 to P8.70. Universal Robina Corp. shed P0.20 to P149.50.