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PSEi nears 7,000 on dovish BSP stance

By Inquirer - 2 weeks ago
The local bourse rallied by more than two percent on Wednesday as investors rode on the Bangko Sentral ng Pilipinas’ (BSP) dovish monetary policy outlook for next year. This drove the benchmark Philippine Stock Exchange Index (PSEi) near 7,000 as it surged by 2.53 percent or 172.44 points to close at 6,975.63, its highest in

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