PHILIPPINE STOCKS could sustain their uptrend when trading resumes on Thursday as the Bangko Sentral ng Pilipinas (BSP) is widely expected to deliver a rate cut and with markets still hoping for tariff negotiations between the United States and its trading partners.
On Tuesday, the bellwether Philippine Stock Exchange index (PSEi) climbed by 3.15% or 183.49 points to close at 6,006.34, while the broader all shares index increased by 2.46% or 86.03 points to 3,582.80.
The market was closed on Wednesday, April 9, for the Day of Valor holiday.
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