{"id":113705,"date":"2017-08-24T00:52:00","date_gmt":"2017-08-24T04:52:00","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=113705"},"modified":"2017-08-24T00:52:00","modified_gmt":"2017-08-24T04:52:00","slug":"peso-stays-firm-psei-declines-on-profit-taking","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/24\/peso-stays-firm-psei-declines-on-profit-taking\/","title":{"rendered":"Peso stays firm, PSEi declines on profit-taking"},"content":{"rendered":"
\"It<\/a>
It surged to as much as 51.09 but dipped to 51.32, resulting in an average of 51.20.<\/figcaption><\/figure>\n

MANILA — The Philippine peso was slightly up Wednesday, tracking the regional rally on lesser concerns about the US-North Korea conflict while the Philippine Stock Exchange index (PSEi) succumbed to profit-taking.<\/p>\n

The local currency finished the day at 51.22, little changed from the 51.24 a day ago, which a trader pointed to improved sentiment in the region.<\/p>\n

Its closing level was also the unit\u2019s opening level for the day, and was way better than its 51.45 start in the\u00a0 previous session.<\/p>\n

It surged to as much as 51.09 but dipped to 51.32, resulting in an average of 51.20.<\/p>\n

Volume for the day reached USD949.1 million, higher than the USD569.2 million Tuesday.<\/p>\n

A trader expects the currency to trade between 51.20 and 51.40 Thursday.<\/p>\n

On the other hand, the main equities index fell 0.21 percent, or 17.18 points, to 7,998.75 points.<\/p>\n

Another trader said investors only took profit after the recent improvement of the PSEi.<\/p>\n

The broader All Shares tracked the main index after it closed 0.02 percent, or 0.72 points, to 4,736.44 points.<\/p>\n

Two of the sectoral indices also finished the day lower, namely the Holding Firms, which fell 0.57 percent, and Financials, 0.21 percent.<\/p>\n

Most of the sectors gained and these were led by the Mining and Oil that went up 0.72 percent followed by the Services, 0.50 percent; Property, 0.34 percent; and Industrial, 0.16 percent.<\/p>\n

Volume for the day reached 762.82 million shares amounting to PHP5.7 billion.<\/p>\n

Advancers led decliners at 99 to 88 while 59 shares were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"

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