PHILIPPINE SHARES rebounded on Thursday, with the main index hitting a new over two-year high, after dovish comments from the Bangko Sentral ng Pilipinas (BSP) governor.
The Philippine Stock Exchange index (PSEi) jumped by 1.3% or 96.12 points to end at 7,458.74 on Thursday, while the broader all shares index rose by 0.97% or 38.46 points to 3,978.10.
Thursday’s close was the PSEi’s best finish in over 31 months or since it ended at 7,502.48 on Feb. 9, 2022.
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