{"id":136813,"date":"2017-12-06T02:37:16","date_gmt":"2017-12-06T07:37:16","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=136813"},"modified":"2017-12-06T02:37:16","modified_gmt":"2017-12-06T07:37:16","slug":"psei-peso-end-tuesday-with-gains","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/06\/psei-peso-end-tuesday-with-gains\/","title":{"rendered":"PSEi, peso end Tuesday with gains"},"content":{"rendered":"<p><figure id=\"attachment_86485\" aria-describedby=\"caption-attachment-86485\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-86485\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg\" alt=\"This positive close was noted across all indices, with the All Shares up by 0.58 percent, or 27.41 points, to 4,786.06 points. (Photo by Katrina.Tuliao (https:\/\/www.tradergroup.org) [CC BY 2.0)\" width=\"640\" height=\"480\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-86485\" class=\"wp-caption-text\">This positive close was noted across all indices, with the All Shares up by 0.58 percent, or 27.41 points, to 4,786.06 points. <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File%3APhilippine-stock-market-board.jpg\">(Photo by Katrina.Tuliao (https:\/\/www.tradergroup.org) [CC BY 2.0)<\/a><\/figcaption><\/figure>MANILA\u2014 Both the Philippine Stock Exchange index (PSEi) and the peso ended Tuesday on a positive note following days of muted performance.<\/p>\n<p>PSEi rose by 0.75 percent, 60.55 points, to 8,145.00 points, recovering from a six-day slide.<\/p>\n<p>A trader traced it partly to deceleration of domestic inflation last November to 3.3 percent from month-ago\u2019s 3.5 percent due to slower rise in the food and non-alcoholic beverages index.<\/p>\n<p>This positive close was noted across all indices, with the All Shares up by 0.58 percent, or 27.41 points, to 4,786.06 points.<\/p>\n<p>Property led the sectors after rising by 1.62 percent followed by Financials, 0.69 percent; Holding Firms, 0.63 percent; Mining and Oil, 0.46 percent; Services, 0.29 percent; and Industrial, 0.07 percent.<\/p>\n<p>Volume for the day was thin at 672.03 million shares amounting to HP7.81 billion.<\/p>\n<p>Gainers surpassed losers at 102 to 97 while 49 shares were unchanged.<\/p>\n<p>The local currency ended the day at 50.63, little changed from the 50.66 Monday.<\/p>\n<p>It opened the day weak at 50.61 from 50.40 in the previous session.<\/p>\n<p>It improved to 50.52 mid-trade but was also pulled to 50.68 resulting an average of 50.59.<\/p>\n<p>Volume for the day reached USD668.1 million, lower than the USD723.4 million a day ago.<\/p>\n<p>The currency pair is seen to trade between 50.50 and 50.70 Wednesday.<\/p>\n<p>ING Bank Manila senior economist Joey Cuyegkeng, in a research note, forecasts the peso to end 2017 at 51-level to a greenback but weaken to 52.85 by end-2018.<\/p>\n<p>He said the local currency \u201cmay be adversely affected with the faster than expected pace of US Fed tightening in 2018 and a shift of monetary bias from accommodation of neutral for some developed market center banks.\u201d<\/p>\n<p>The government\u2019s peso-dollar assumption this year ranges between 48-50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014 Both the Philippine Stock Exchange index (PSEi) and the peso ended Tuesday on a positive note following days of &hellip;<\/p>\n","protected":false},"author":33,"featured_media":86485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[37325,21171,929],"class_list":["post-136813","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-peso-end-tuesday-with-gains","tag-philippine-stock-exchange-index-psei","tag-psei","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/136813","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=136813"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/136813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/86485"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=136813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=136813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=136813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}