The benchmark Philippine Inventory Trade Index (PSEi) is predicted to commerce inside a slim vary throughout the holiday-shortened week within the absence of main information drivers and key financial knowledge.
Michael Ricafort, chief economist at Rizal Business Banking Corp., stated in his outlook report the PSEi would finish the 12 months between 6,500 and seven,000.
For 2023, the measure might finish at round 7,100 to 7,600.
The PSEi, which was weighed down by recession fears and unstable buying and selling by PLDT Inc. within the wake of its P48-billion overspending debacle, rose 0.7 p.c the earlier week to finish at 6,541.03.
Ricafort stated sturdy shopper spending prospects throughout the Christmas holidays helped elevate th…
Carry on studying: PSEi anticipated to finish the 12 months with no fireworks