Market seen testing 7,600 mark

The Philippine Stock Exchange index (PSEi) is seen possibly breaking into the 7,600-point territory this week, with quick profit-taking bouts puncturing gains that may prevent the benchmark index from standing its ground.

Given the market’s record-breaking runs last week, fueled by optimism about the economy even while global equities sputtered, investors will understandably grab the chance to cash in on the positive economic data released recently.