THE BELLWETHER Philippine Stock Exchange index (PSEi) could end the year above the 7,000 mark on expectations of monetary easing here and abroad, analysts said, especially with the US Federal Reserve expected to kick off its long-awaited rate cut cycle this week.
On Monday, the PSEi rose by 1.15% or 81.35 points to close at 7,104.20, while the broader all-share index climbed by 0.82% or 31.37 points to 3,820.
Monday’s close was an over two-year high for the benchmark index, as it was its best finish since 7,142.42 on April 20, 2022.
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