PHILIPPINE SHARES may continue to climb this week after the Bangko Sentral ng Pilipinas (BSP) on Thursday cut benchmark interest rates for the first time in nearly four years.
On Friday, the Philippine Stock Exchange index (PSEi) rose by 2.3% or 154.46 points to end at 6,847.37, while the broader all shares index went up by 1.74% or 63.27 points to finish at 3,691.42.
Week on week, the PSEi climbed by 3% or 199.57 points from its 6,647.80 close on Aug. 9, marking its second consecutive weekly gain.
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