Security Bank: PSEi seen to hit 8,000 next year

Posted at Dec 12 2014 05:51 PM | Updated as of Dec 13 2014 02:36 AM

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Security Bank says the PSE index will hit the 8,000 level in 2015, supported by power, consumer and gaming sectors.

Security Bank head of equities Samuel Young said telcos, property and banks will have a more challenging year ahead.

Meanwhile, Security Bank's chief investment officer Noel Reyes said he expects the economy to grow 6.5 percent next year.

He said that while that is below the government target, it is already a strong number considering the global economic slowdown.

Reyes expects consumer spending and pre-election activities to support growth.

- ANC News Now, December 12, 2014