Growth potential: A man counts Philippine peso bills inside a store in Manila. Experts have said that Trump’s so-called protectionist policies – tax cuts and import tariff hikes – may hurt equities across the globe. — Bloomberg
MANILA: The stock market’s weakness in 2024 will leave more room for growth this year, with the benchmark Philippine Stock Exchange Index poised to close around the 7,600 level.
First Metro Securities Brokerage Corp and Singapore’s DBS Bank, in their latest market report, noted that the local bourse’s fall from its peak allowed opportunities to increase exposure in Philippine equities.
