Continued Reforms to Boost PSEi
The Philippine Stock Exchange index (PSEi) can indeed achieve new highs, mainly through the strength of domestic investors, as long as reforms continue and that a smooth political transition takes place in 2016.
That sentiment was given by officials of the local bourse who shared their thoughts following aggressive targets by President Aquino, who visited the exchange’s Makati City trading floor to celebrate the recent rise of the PSEi above the 8,000 level. Aquino, in his speech, said that he hoped to again make an appearance two more times within his term, or when the index breaches the 9,000 and then 10,000 levels.
Source: Philippine Daily Inquirer