Dovish bets lift PSEi closer to 7,000

Prospects of another rate cut by the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve energized investors enough to push the benchmark stocks index closer to the 7,000 barrier. The Philippine Stock Exchange Index (PSEi) closed Monday’s session up by 0.69 percent, or 48.16 points, to 6,984.25. Meanwhile, the broader All Shares Index
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