Stock market likely to top 9,000 pts within a yr

THE Philippine Stock Exchange index (PSEi) could hit record highs beyond 9,000 over the next 12 months given the country’s fundamentals, a brokerage firm said on Thursday.

“We’ve been positive on the market since the start of first quarter … [and with regard to] the one year view, we think that the market is capable of reaching probably 9,000 to about 9,300,” CLSA Philippines, Inc. research head Alfred Dy said in a conference in Makati City.