Unicapital lowers PSEi year-end forecast to 7,100

Unicapital lowers PSEi year-end forecast to 7,100

MANILA, Philippines — Unicapital Securities Inc. has downgraded its year-end projection for the benchmark Philippine Stock Exchange Index (PSEi) to 7,100 from 7,300 after factoring in global trade tensions. Peter Garnace, Unicapital equity research analyst, told reporters on Wednesday they had also trimmed their earnings growth forecast to 8 percent from 10 percent previously. READ: Trump: US to charge 19% tariff on PH goods According to Garnace…