MANILA – – The Philippine Stock Exchange index (PSEi) rose Monday but the peso went the other way as investors continue their wait-and-see stance on several issues such as the movement of the Federal Reserve rates.<\/p>\n
The main stocks gauge rose by 0.68 percent, or 56.50 points, to 8,367.38 points.<\/p>\n
The broader All Shares followed with a 0.42 percent, or 20.48 points, to 4,909.92 points.<\/p>\n
Most of the sectors finished with gains led by the Holding Firms by 1.27 percent; followed by Property, 0.58 percent; Mining and Oil, 0.26 percent; and Financials, 0.18 percent.<\/p>\n
Services and Industrial, on the other hand, fell 0.24 percent and 0.10 percent, respectively.<\/p>\n
Volume for the day reached 1.68 billion shares amounting to PHP6.1 billion.<\/p>\n
Losers led gainers at 104 to 82 while 59 shares were unchanged.<\/p>\n
The local currency, meanwhile, declined against the greenback and finished the week\u2019s first trading day at 51.245 from 51.15 at the end of last week.<\/p>\n
Its weakness showed early on after it opened the day at 51.20 from 51.10 in the previous session.
\nIt was able to strengthen to 51.09 but dipped to 51.25 mid-trade, resulting in an average of 51.16.<\/p>\n
Volume of trade reached USD657.8 million, up from the USD498.8 million in the previous session.<\/p>\n","protected":false},"excerpt":{"rendered":"
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