Philippine stocks ended lower Wednesday after briefly touching the 7,000 level on technical correction.
“The prospect of easing monetary policy has many investors taking positions, reflecting broader market cautious optimism both locally and globally,” Limlingan said. Despite the market’s recent run-up, Unicapital Securities Research said the PSEi is still cheaper compared to its peers. It expects trading to be boosted by the possible 50-basis-point rate cut in the second half of the year.
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