The Philippine Stock Exchange Index briefly hit the 8,000 mark today, this is the highest level this year.
There are a lot of factors which may have contributed to the bullish PSEi lately. One of these factors is still probably the low impact that Brexit had on the market. With that done with, investors have gone back to investing in stocks already. Yesterday, the Philippines won the Hague over the West Philippine Sea and has also provided reason for investors to buy stocks. The win has renewed hopes of exploration in the disputed waters.
The Philippines has been identified as one of the countries with bright economical forecasts and is seen to breakout of the global downtrend.