
The Philippine stock market is showing significant growth, with the Philippine Stock Exchange Index (PSEi) rising as much as 2.3% to 7,417.250 points, marking its highest level since late February 2022. The index has rallied 20% from its June low, indicating a potential bull market. Earlier, Philippine stocks rose as much as 1.6% to 7,370.970 points, the highest level since early March 2022. This surge is attributed to the prospects of further monetary policy easing in both the US and the Philippines. Additionally, the Philippines fully awarded 20 billion pesos worth of T-bills, fetching average rates of 5.380% for 92-day T-bills, 5.480% for 182-day T-bills, and 5.583% for 364-day T-bills.