The Philippine Stock Exchange Index is once more going up. The index ended higher for the last 2 weeks. As I write this post, the index is at the 7,869 level.
The Truly Rich Club is always updated regarding the latest price actions of the PSEi, and this is one of the many benefits I enjoy as a member of the Truly Rich Club. Last Friday, as part of the regular stock updates, I received the good news from the Truly Rich Club that majority of the recommended stocks have now been upgraded (higher target prices and adjusted buy prices).
The reason behind the better outlook for the PSEi is that market analysts are now more positive on the Philippine market.
This optimism is driven by the increasing likelihood that the tax reform program will be passed within the year, the increase in exports and OFW remittances, as well as the resiliency of the private sector.
This really excites me as I now have more opportunities to purchase stocks of companies we love.
Again, thanks to the Truly Rich Club, I am always up to date and guided in making the right decisions regarding stocks.