{"id":132091,"date":"2017-11-17T22:05:33","date_gmt":"2017-11-18T03:05:33","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=132091"},"modified":"2017-11-17T22:15:19","modified_gmt":"2017-11-18T03:15:19","slug":"psei-recovers-peso-dips-on-us-tax-reform-devt","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/17\/psei-recovers-peso-dips-on-us-tax-reform-devt\/","title":{"rendered":"PSEi recovers; peso dips on US tax reform dev’t"},"content":{"rendered":"
\"FILE:<\/a>
FILE: Philippine Stock Exchange index (PSEi) (PNA PHOTO)<\/figcaption><\/figure>\n

MANILA \u2014 The Philippine Stock Exchange index (PSEi) recovered Friday after a four-day slip and the peso finished the week little changed against the greenback on positive reports on the proposed tax reforms in the US.<\/p>\n

The main equities index rose to 8,311.98 points, up 1.27 percent or 104.64 points.<\/p>\n

All Shares followed with a 0.81 percent, or 39.14 points, increase to 4,873.82 points.<\/p>\n

Most of the sectors also finished the week up, led by Property which rose 1.44 percent.<\/p>\n

Holding Firms increased by 1.39 percent, Industrial by 0.88 percent, Services by 0.64 percent, and Financials by 0.44 percent.<\/p>\n

Only the Mining and Oil finished on the red after it fell 0.89 percent.<\/p>\n

Volume for the day totaled to 7.28 billion shares amounting to PHP5.63 billion.<\/p>\n

Advancers led decliners at 98 to 91 while 56 shares remained unchanged.<\/p>\n

The peso finished the day at 50.95 from 50.90 Thursday, which a trader said is against the performance of currencies in the region.<\/p>\n

A trader pointed it to US House Republicans\u2019 decision to pass the proposed tax reform that cut tax on individuals and businesses.<\/p>\n

The local unit opened the day at 50.80, way better than the 51.00 a day ago.<\/p>\n

It traded between 50.74 and 50.97, resulting an average of 50.81.<\/p>\n

Some USD719.6 million changed hands, down from the USD885.1 million a day ago.<\/p>\n

The currency pair is seen to trade between 50.00 and 50.30 next week. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014 The Philippine Stock Exchange index (PSEi) recovered Friday after a four-day slip and the peso finished the week …<\/p>\n","protected":false},"author":33,"featured_media":110296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5972,21171,33833],"class_list":["post-132091","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-peso","tag-philippine-stock-exchange-index-psei","tag-us-tax-reform-devt","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=132091"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/110296"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=132091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=132091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=132091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}