December 4, 2023
THE peso edged higher, but the stock market fell back to the 6,200 level on Wednesday as investors opted to take profits. The currency strengthened by a centavo to P55.39 versus the dollar, while the benchmark Philippine Stock Market index (PSEi) lost 44.43 points, or 0.7 percent, to end the day at 6,265.14. The broader
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THE stock market returned to the 6,300 level, but the peso weakened slightly at the start of a shortened trading week. The currency dipped by two centavos to P55.40 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) added 40.07 points, or 0.64 percent, to end the day at 6,309.57. It was the
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THE peso edged up and the stock market also closed higher to end the week on a positive note. The currency strengthened by one centavo to P55.38 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) added 23.3 points, or 0.37 percent, for a 6,269.50 finish. The broader All Shares rose 0.61 percent,
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THE peso recovered on Thursday, but the stock market edged lower as investors took the opportunity to take profits. The currency strengthened by 6 centavos to P55.39 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) lost 6.98 points, or 0.11 percent, to end the day at 6,246.20. The broader All Shares dipped
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THE peso fell against the dollar on Wednesday while bargain-hunting continued to lift the stock market. The currency weakened by 6 centavos to P55.45:$1, a result Rizal Commercial Banking Corp. chief economist Michael Ricafort attributed to higher crude prices and a stronger greenback. It opened trading at P55.5 to the greenback and ranged from P55.44
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THE peso gained anew, and the stock market climbed back to the 6,200 level on Tuesday following favorable data from abroad, analysts said. The currency strengthened by 16 centavos to P55.39 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) added 25.20 points, or 0.41 percent, to end the day at 6,208.83. The
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THE peso started the week on a positive note, but the stock market ended a three-day rally and fell back below the 6,200 level as investors awaited fresh data. The currency strengthened by 12 centavos to P55.55 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) sank by 28.26 points, or 0.46 percent,
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THE peso and the stock market gained further on Friday with sentiment said to be still buoyed by a Monetary Board decision to keep interest rates unchanged and also trim inflation forecasts. The currency rose by 12 centavos to P55.67 against the dollar while the benchmark Philippine Stock Exchange index added 20.41 points, or 0.33
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THE peso and the stock market edged up on Thursday ahead of news that the Bangko Sentral ng Pilipinas (BSP) would keep key interest rates unchanged. The currency strengthened by 3-and-a-half centavos to P55.79 against the dollar, while the benchmark Philippine Stock Exchange index added 20.35 points, or 0.33 percent, to close the day at
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THE peso and the stock market both rose on Wednesday following news that US inflation had slowed more than expected in October. The currency strengthened by 23-and-a-half centavos to P55.825 against the dollar, while the benchmark Philippines Stock Exchange index (PSEi) added 60.25 points, or 0.99 percent, to end the day at 6,171.13. The broader
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