New catalysts needed to boost stock market

By Earl John Alfaro

Oct 28, 2024 12:26 am

FRESH catalysts will be needed to bring the Philippine Stock Exchange index (PSEi) back into the 7,400 level or even higher, analysts said, after the benchmark ended 1.4 percent down week-on-week last Friday.

The PSEi, which earlier this month hit an over four-year high of 7,554.86, closed out last week at 7,314.24 — recovering from a low of 7,283.79 on Thursday but still lower than the previous Friday's 7,415.73.

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