What are the key sectors driving growth in the Philippine Stock Exchange Index (PSEi)?

Several sectors are contributing to the rise of the Philippine Stock Exchange Index (PSEi), although recent performance has been mixed due to broader economic and market factors. Key sectors driving growth include: 1. **Infrastructure**: The government's Build, Build, Build program is enhancing national infrastructure and creating jobs, which benefits the sector and the economy overall. 2. **Education**: The demand for quality education is growing, benefiting companies that manage educational institutions or provide educational services. 3. **Energy & Utilities**: Essential utilities such as generation, distribution, and management are crucial to the economy, providing stable growth potential. 4. **Information Technology**: The IT sector, including software development, IT solutions, and tech infrastructure, is a global player in outsourcing services, driving demand. 5. **Media**: The media sector is evolving to adapt to digital platforms, benefiting from the country's increasing digitalization. 6. **Non-Banking Financials**: Non-banking financial institutions offering services like insurance, leasing, and investment management support economic growth and are essential to the financial ecosystem. 7. **Retail**: The retail sector, including companies involved in sales, is vital for consumer spending and economic activity. However, it's important to note that while these sectors have growth potential, the overall PSEi has been affected by broader economic indicators such as the BSP rate hikes and global economic concerns, leading to recent declines into bear market territory.