PSEi seen hitting 7,500 by year-end

By Ed Paolo Salting

Jul 20, 2023 12:28 am

THE Philippine Stock Exchange index (PSEi) is forecast to climb back to the 7,300-7,500 range by the end of 2023 amid signs of a slowing domestic inflation and an expected pause in interest rate hikes, a First Metro Investment Corp. (FMIC) analyst said on Wednesday.

'Where is the PSEi headed? I think now we are at the tipping or inflection point, and we are now turning the corner,' FMIC head of research Cristina Ulang told a media briefing.

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