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The benchmark Philippine Stock Exchange Index (PSEi) gained on Wednesday as investors geared for the first quarter earnings season. The PSEi added 0.36 percent or 28.06 points to 7,846.99 while the broader all shares index was up 0.14 percent or 7.01 pointEarnings season is coming: PSEi stands ground
The benchmark Philippine Stock Exchange Index (PSEi) gained on Wednesday as investors geared for the first quarter earnings season. The PSEi added 0.36 percent or 28.06 points to 7,846.99 while the broader all shares index was up 0.14 percent or 7.01 points to 4,846.05. Jose Mari Lacson, ATR Asset Management head of research, said investors were looking forward to the earnings season, which is expected to commence the following week. He said there was room for the PSEi to rise, given the target of 8,500 for 2019. On Wednesday, subsectors came in mixed, with financials, industrial and services closing in the red. Gainers were led by mining and oil and the holding firms subindi...Keep on reading: Earnings season is coming: PSEi stands ground Read more