Stock market movements this week could be muted, analysts said, with investors discounting the implementation of a new tax reform law. “It (share prices) will move slowly because we are not expecting any good news at all,” he added. “The Train (Tax Reform for Acceleration and Inclusion law) was factored in already. The benchmark Philippine Stock Exchange index (PSEi) ended 2017 with a new all-time high, gaining 0.27 percent or 23.33 points to close at 8,558.42 last Friday. The broader All Shares, meanwhile, added 0.53 percent or 26.27 points to finish at 4,989.97.

Source: Manila Times December 31, 2017 17:15 UTC