Philippine stock index may hit 5,000!

Feb 27, 2012 11:19 AM PHT

Rappler.com

SUMMARY

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The PSEi snubbed the 2nd bailout of Greece last week. Analysts said market players were cashing in on gains. The general sentiment is that the market will continue its uphill climb

MANILA, Philippines – The Philippine Stock Exchange index (PSEi) may eventually reach 5,000 points this week.

The index, a barometer of the economy’s future health, has been hitting consequtive all-time highs since January, as funds from the west make their way to the east, including the Philippines where growth may have slowed but still inching up.

The PSEi snubbed the 2nd bailout of Greece last week. Analysts said market players were cashing in on gains. The general sentiment is that the market will continue its uphill climb.

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