Stock Index Likely to Stay Above 8,000
The Philippine Stock Exchange index, the 30-company benchmark, is likely to firm up above the 8,000-point level on benign inflation outlook and expectations of another round of interest rate cuts.
AAA Securities research head Chris Mangun said the PSEi had steadily climbed over the last eight weeks and, “we finally might have a shot at breaking that heavy resistance at 8,150”.