PSEi to reach 9,000-mark next year

The benchmark Philippine Stock Exchange index (PSEi) is seen touching the 9,000-point level in 2020 on the back of upbeat outlook for the local economy.

BPI Securities Corp. President Haj Narvaez, on the sidelines of an event in Makati on Monday, told reporters that the Philippines’ economic growth, coupled with policy rate cuts, would drive market sentiment next year.