Stocks may sustain momentum on policy support - BusinessWorld Online

Stocks may sustain momentum on policy support - BusinessWorld Online

PHILIPPINE SHARES may sustain their momentum and continue to climb this week following the bellwether’s return to the 6,000 level on Friday after both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve delivered rate cuts to provide economic support. On Friday, the Philippine Stock Exchange index (PSEi) climbed by 0.78% or 46.72 points to end at 6,036.72, while the broader all shares index declined 0.53% or 18.49 points to close at…