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PSEi rallies after US inflation eases further
The Philippine Star
|September 13, 2024
The local stock market has returned to the 7,000 level after more than a year and a half on the back of a slower US consumer inflation in August.
The Philippine Stock Exchange index finally broke the 7,000 mark yesterday, surging by 1.15 percent or 79.79 points to close at 7,024.67.
The last time the PSEi finished above 7,000 was on Feb. 3, 2023 at 7,027.38.
Also joining the rally was the broader All Shares index, which climbed by 0.68 percent or 25.44 points to settle at 3,791.65.
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