PSE index nears 2024 peak on sustained momentum after BSP rate cut

Last week’s euphoria over the Bangko Sentral ng Pilipinas’ (BSP) first rate cut in almost four years spilled over to this week, with the bourse nearing its highest ever closing this year. The benchmark Philippine Stock Exchange Index (PSEi) closed on Monday with a 0.62-percent climb, equivalent to 42.5 points, to 6,889.87. At the last
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