Philippine Stock Exchange index (PSEi) new all time high reach 8,724.13 on Wednesday, January 3, 2018.
The managing director of First Grade Finance, Inc., Astro C. Del Castillo explained it well when he said, “There was strong momentum buying from last year. Investors are positioning themselves for another good year due to the tax reform program, strong economy and infrastructure projects taking off."
Philippine stocks rose on the gains in Asian shares, keeping afloat by the technology companies that that raised US stocks to record highs.
The Dow Jones went up as well as S&P 500 and Nasdaq.
Del Castillo further said, "The market will eventually correct — that’s the art of supply and demand."
You can read the full story at MSN.com
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