A Standard and Poor’s outlook upgrade for the Philippines could provide support and keep the benchmark Philippine Stock Exchange index (PSEi) from returning to lows hit last week, Timson Securities trade Jervin de Celis said. However, a slower GDP growth is seen as per general consensus,” he added. Eagle Equities, Inc research head Chris Mangun, on the other had, expects a different scenario to pan out during the shortened four-day trading week. The benchmark index—which dropped to the 7,500 level on Tuesday—capped the trading week with a return to 7,700 territory by adding 1.36 percent or 103.60 points to close at 7,721.02. The broader All Shares, meanwhile, grew by 1.17 percent or 53.78 points to finish at 4,671.83.

Source: Manila Times April 29, 2018 16:07 UTC