I hope everyone enjoyed their weekend and are refreshed and ready for the week ahead.
The PSEi ended last week on a good note, closing at 7,830.35 last Friday. The PSEi hit its highest intraday level for the year last Thursday at 7,980.75, possibly fueled by the oath taking of the Philippine’s new government officials, most notably, the new President, Rodrigo Duterte.
According to BPI Asset Management, the PSEi may trade between the range of 7,650 to 7,950 for the week.
Key news releases that could impact the stock market this week are the Philippine’s inflation number release and the non-farm payrolls in the United States.
Looking forward to a good investment week ahead. God bless everyone in their investment journey.