PSEi to end the year within 8,700-8,800

The benchmark Philippine Stock Exchange index (PSEi) is seen to end 2020 within the 8,700-8,800 range on the back of better corporate earnings supported by robust economic growth.

Philstocks Financial Inc. senior research analyst Japhet Tantiangco, in a media briefing on Monday, said that company earnings are anticipated to yield 10- to 15-percent growth this year since the economy has been recovering.