PSE index expected to climb to 6,500 level this year
The Philippine Stock Exchange index breaches the 6,000 level for the first time in Philippine history.
April Lee-Tan, head of research at COL Financial Group, says the market rally is driven by renewed appetite for emerging market assets after the US fiscal cliff deal allayed concerns over a US recession.
Meanwhile, investment holding company Maybank ATR Kim-Eng says it expects the PSE index to climb as high as 6,500 level this year on favorable corporate earnings outlook and possibly higher capital inflows.
ANC Top Story, January 7, 2013