Market strategist sees more PSEi consolidation at 7,700 to 7,900 level


Posted at Aug 21 2019 07:44 PM

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BDO Unibank chief market strategist Jonas Ravelas sees more consolidation for the Philippine Stock Exchange index at the 7,700 to 7,900 level. That's until a more compelling catalyst moves the market. Philippine shares closed in the red Tuesday at 7,886.91. Manila was on trading holiday, Wednesday for the non-working holiday in honor of martyred martial law opposition leader Ninoy Aquino.