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Philippine Star
Philippine Star
MANILA, Philippines — The local bourse is projected to breach the 7,500-level by the second quarter as the Philippines’ economic recovery proves stronger than expected, although volatility remains on the international front. The Philippine Stock Exchange index raked in 1.37% to finish at 7,311.01 on Monday, staying above the 7,000-mark since October 11. For analysts at First Metro Investment Corp. (FMIC) and University of Asia & the Pacific (UA&P), recent economic developments could push the market higher. “PSEi momentarily broke through the strong resistance of 7,500 on February 9th, but slig…