The benchmark stock index is expected to follow leads from foreign markets this week after Friday’s surprise surge but analysts are keeping their fingers crossed that a “Santa Claus” rally is in the offing.
On Friday, the Philippine Stock Exchange index (PSEi) advanced 2.15 percent or 152.11 points to 7,224.21, breaching the 7,200 points after a few downsides to 7,000 points until Thursday. The wider All Shares index also increased 1.83 percent or 76.06 points to 4,238.28.
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