INDEPENDENT financial services provider Unicapital Group expects the benchmark Philippine Stock Exchange index (PSEi) to return to 8,000 territory next year, from an end-2024 estimate of 7,000, with further policy rate easing and improved consumer spending boosting investor sentiment.
“We have a bottom-up index target of 8,000 for the PSEi, which implies a 14-percent gain from the estimated 7,000 level by end-2024,” Unicapital said in a report.
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