Screenshot of the PSE website showing final volume on January 4.
MANILA -- Despite volatilities partly blamed on the US government shutdown, the
Philippine Stock Exchange index (PSEi) ended its first weeks worth of trading up at 7,761.11 with all sectors registering gains. This is almost 200 points higher than January 2`s 7,489.20 points, the first trading day of the year.
The forecast for the local bourse is a good one with better performance expected next week on the back of lower inflation results for December 2018 announced today, which saw a decrease from 6.0 to 5.1%.
“The PSEi posted marginal gains as investors strove to start the year on a positive note,” Bank of the Philippine Islands (BPI) said in its market report last Wednesday reacting to the first day`s gains.
In an earlier interview with the Philippine News Agency, Luis Limlingan, Regina Capital Managing Director, said gains were posted by the PSEi amid the quiet trading session and the volatilities that affect the regional markets.