Business and Economy
PSEi up anew, peso stays firm vs USD
The Philippine Stock Exchange index (PSEi) registered an uptick of 0.69 percent, or 56.65 points, to 8,312.93 points, which a trader pointed to profit taking.
(PNA PHOTO)
MANILA — The Philippine Stock Exchange index (PSEi) registered an uptick of 0.69 percent, or 56.65 points, to 8,312.93 points, which a trader pointed to profit taking.
The broader All Shares followed with the 0.51 percent, or 24.64 points, increase to 4,892.00 points.
Most of the sectors registered gains with Services leading the group after it went up 1.
18 percent followed by the Financials, 1.03 percent; Holding Firms, 0.53 percent; Property, 0.38 percent; and Industrial, 0.08 percent.
Volume for the day hit 1.47 billion shares amounting to PHP7.
25 billion.
Advancers led decliners at 105 to 94 while 55 stocks were unchanged.
The peso finished the day at 51.05 from 51.08 a day ago.
It opened the day weaker at 51.23 from 50.90 a day ago.
It improved to as much as 51.04 but also pulled to 51.26, bringing the day’s average to 51.178.
Volume for the day reached USD 792.8 million, down from the USD 888 million a day ago.
