Stocks to test higher level 0 SHARES Share it! Share TweetBy James A. LoyolaStock analysts saw the PSEi’s close above the 8,000 level as a positive sign, expect it to begin testing the next resistance level this week while investors chew on more corporate earnings results. Local stocks could also get a small boost from the record close of US markets last Friday although President Trump had cast doubt on progress in concluding a trade deal with China. However, analysts noted that investors are still very cautious, pointing out that the news of better-than-expected GDP failed to spur a rally in local stocks. “Last week’s close at 8,065.76 highlights another try towards the 8,200 to 8,420 levels in the near-term.

Source: Manila Bulletin November 11, 2019 03:11 UTC