MANILA, Philippines — The stock market has seen some improvement last week after the Bangko Sentral ng Pilipinas (BSP) kept rates steady on Thursday. Nicky Franco, head of research for Abacus Securities Corp. said the market may likely start the week with a bias toward the downside. Last week, the benchmark Philippine Stock Exchange index (PSEi), the stock market barometer, managed to consolidate within the 7,700 to 8,000 level. “Failure to sustain the rally above the 8,000 levels could trigger some profit-taking activities and retest the 7,500 levels,” he said. This caused investors to trade the market and push the index past the 8,000 levels,” Ravelas said.

Source: Philippine Star March 24, 2019 16:14 UTC