Breakthrough Philippine Stock Market PSEi tops 8,900 New All-Time High

Image credits: inquirer.net

Published January 9, 2018 5:20pm by GMA News, Jon Viktor D. Cabuenas, “Philippine shares breached the 8,900 level on the PSEi to carve a new all-time high on Tuesday, riding on positive sentiment from overseas markets.”

A breakthrough for the Philippine market to reach all time high of 8,900 PSEi as of Tuesday, January 9, 2018. From 8,770 last Friday, January 5, 2018 an increase of 178.60 points, the highest so far.

Optimism in the Philippine stock market remains and so with the neighboring countries of Asia and the US and Europe, according to the senior analyst of Philstocks Financial, Inc., Justino Calaycay Jr..

Calaycay further noted that this is a continuation of the momentum that started early this year. Passage of the Tax Reform for Acceleration and Inclusion (TRAIN) law, creates a lot of optimism in the market. This is a big part, causing high hope for the infrastructure to realize and fuel further growth.

Even President Harry Liu of Summit Securities, said that optimism remains in the Philippine stock market. Seen to be more positive than negative.


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