PSEi ends 5-day dip on rate-cut hopes

THE stock market cut a five-day losing streak on Tuesday on the prospect of another interest-rate reduction and amid renewed hopes for positive progress in the ongoing trade war between the United States and China.

The benchmark Philippine Stock Exchange index (PSEi) rose 0.34 percent or 26.43 points to end at 7,893.94, while the wider All Shares increased by 0.20 percent or 9.73 points to finish at 4,770.97.