Investors went on extended bargain hunting on Tuesday, lifting the benchmark PSEi to a five-month high at the 7,400 level on the back of expectations that the economy turned out well in the first quarter of the year.
“It’s just [that the] market is anticipating a good economic improvement. Technical, medium-term is consolidating well. Nothing on site seems to be negative. Market should improve,” Summit Securities Inc. President Harry Liu told The Manila Times.
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