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Sideways trading seen as policy rate decisions loom
The Philippine Star
|December 16, 2024
Local stocks are seen moving sideways this week as investors keep an eye on key policy rate decisions by the US Federal Reserve and the Bangko Sentral ng Pilipinas.
The benchmark Philippine Stock Exchange index (PSEi) closed in the red territory last Friday, extending its losing streak to three sessions.
Week-on-week, the PSEi declined by 1.67 percent to 6,616.51.
Unicapital head of research Wendy Estacio-Cruz said the PSEi closed lower as investors await for interest rate decisions by the US Fed and BSP this week.
Diese Geschichte stammt aus der December 16, 2024-Ausgabe von The Philippine Star.
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