After 4-year downturn, stock market recovery seen to come this year

MANILA ---After four years in the doldrums, the Philippine Stock Exchange (PSE) expects local equities to regain ground this 2024 due to easing monetary policy stance and the continued revving up of the economy postpandemic. PSE president and CEO Ramon Monzon, in a statement, said the local stock barometer may trade within the 6,800 to 8,300 territory this year, banking on analysts' optimistic outlook. The range suggests a projected Philippine Stock Exchange Index (PSEi) upswing of at least 5.4 percent to as much as 28.7 percent this year. "The expected rate cuts by the US Federal Reserve and Bangko Sentral ng Pilipinas, as well as Philippine government's aggressive spending on ...Keep on reading: After 4-year downturn, stock market recovery seen to come this year

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