Philippine stock market ends 2024 with a slight gain, marking first yearly rise since 2019.

The Philippine Stock Exchange index (PSEi) closed 2024 slightly higher at 6,528.79 points, up 1.2% year-on-year, marking its first yearly gain since 2019. Despite a volatile year influenced by global monetary policies and geopolitical tensions, the market saw strong performances from stocks like Converge ICT Solutions Inc. and Digiplus Interactive Corp. The peso weakened, ending the year down 5.97% against the US dollar. The PSEi is expected to trade within a 6,400 to 6,700 range in early 2025.

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