The PSEi has been rising for six and a half days. Good reports of first quarter income encourage buying as they indicate which companies can weather the Global slowdown and even go against the flow.
Oil however, is still hogging the spotlight and I suspect it is the main reason the almost seven day rally isn't too strong. PSEi was at +12.5 this May 15, 2008 at 10:17 a.m. The brighter side of it is that we're rising notwithstanding the steady rise of crude prices.
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