PSE hopeful of better economic conditions this year
The Philippine Star|January 02, 2024
The operator of the local bourse is keeping its fingers crossed that better economic conditions would entice investors to return to the stock market this year.
IRIS GONZALES
PSE hopeful of better economic conditions this year

"The expected improvement in macroeconomic indicators are poised to drive market conditions in 2024," said Philippine Stock Exchange (PSE) president and CEO Ramon Monzon.

For the most part, the local bourse was sluggish in 2023, closing the year down by 1.8 percent and wearing red on the last trading session with most gauges down.

Monzon, however, said there are reasons to be optimistic this year with the Philippines projected to lead the ASEAN region with the highest GDP growth in 2024 at 6.2 percent.

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