RRR cut boosts market to fresh 2-year high
The Philippine Star|September 21, 2024
The local stock market soared to a fresh high in over two years as the decision of the Bangko Sentral ng Pilipinas (BSP) to fur- ther lower the banks' reserve requirements ratio (RRR) boosted investor sentiment.
RICHMOND MERCURIO

The Philippine Stock Exchange index (PSEi) rose by 0.70 percent or 50.16 points to finish the week with a second straight victory at 7,252.32.

This was the PSEi's highest close since ending at 7,288.07 on March 7, 2022.

The broader All Shares index also closed on the winning column, expanding by 0.62 percent or 23.94 points to 3,895.62.

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Diese Geschichte stammt aus der September 21, 2024-Ausgabe von The Philippine Star.

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