Stock market seen recovering in 2024

By Brix Lelis

Jan 12, 2024 12:32 am

THE stock market will likely stage a recovery this year on the back of improving sentiment, declining inflation and interest rates, and corporate income growth, First Metro Investment Corp. (FMIC) said on Thursday.

FMIC, the investment banking arm of the Metrobank Group, said the benchmark Philippine Stock Exchange index (PSEi) could hit 7,000–7,500 in 2024, supported by earnings per share growth of 11 percent.

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