Investors cheer rate cut, push PSEi past 6,800

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3 months ago

For the first time since April, Philippine stocks barreled through the 6,800 barrier as investors cheered the Bangko Sentral ng Pilipinas’ (BSP) much-awaited interest rate cut. The benchmark Philippine Stock Exchange Index (PSEi) on Friday rallied by 2.31 percent, or 154.46 points, to close at 6,847.37. At the same time, the broader All Shares Index

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