Philippine stocks rose, while the peso fell on the first trading day of 2025 amid thin trading as most investors were still on holiday mode.
Value turnover stood at P3.24 billion. There were 94 gainers versus 97 decliners, while 47 names were unchanged. “At the PSE, we are always optimistic and hopeful and this year is no exception. We look forward to a more robust trading year and better capital raising performance,” said Monzon. Equities mostly had a bumper 2024 on the back of enthusiasm about artificial intelligence , cuts in borrowing costs by central banks, and Donald Trump’s presidential election win.
Bitcoin exploded more than 120 percent to break $100,000 while fellow cryptocurrency Ethereum rose over 40 percent. Gold, coffee and cocoa set new records.
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