The Philippine Stock Exchange index improved by 0.42 percent or 26.59 points to end at 6,299.05, while the broader All Shares index rose by 0.98 percent or 33.32 points to settle at 3,441.09.MANILA, Philippines — Share prices sustained their climb for a second consecutive session as investors continued their bargain hunting while waiting for the Bangko Sentral ng Pilipinas meeting this week.
“Philippine shares rallied just a point shy of the 6,300 level as investors continued to window dress ahead of the end of semester,” Luis Limlingan of Regina Capital said. “Investors were also anticipating the BSP meeting this week for clues on the timeline of interest rate cuts,” she said. JG Summit Holdings led the index members with a 6.27 percent gain while Monde Nissin recorded the biggest loss at 4.5 percent.#PhilstarPicks: Honor every type of dad with these finds from UrbanizeA total of $19 billion worth of investments pledged during the foreign trips of President Marcos have already been actualized...
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Early BSP rate cut hopes buoy stocksThe stock market capped off the week on a high note, posting slight gains to extend its winning streak to a third straight day.
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