{"id":154596,"date":"2018-02-27T05:07:22","date_gmt":"2018-02-27T10:07:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=154596"},"modified":"2018-02-27T05:07:22","modified_gmt":"2018-02-27T10:07:22","slug":"more-foreign-fund-flows-boost-peso-psei","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/02\/27\/more-foreign-fund-flows-boost-peso-psei\/","title":{"rendered":"More foreign fund flows boost peso, PSEi"},"content":{"rendered":"
\"Risk-on<\/a>
Risk-on sentiment returned to the Philippines\u2019 financial markets Monday and enabled both the peso and the Philippine Stock Exchange index (PSEi) to stay up. (PIXABAY PHOTO<\/a>)<\/figcaption><\/figure>\n

MANILA \u2014 \u00a0Risk-on sentiment returned to the Philippines\u2019 financial markets Monday and enabled both the peso and the Philippine Stock Exchange index (PSEi) to stay up.<\/p>\n

The local unit finished the week\u2019s first trading session at 51.86 from 51.89 Friday last week.<\/p>\n

A trader pointed this to drop in US Treasury yields, which disadvantaged the greenback.<\/p>\n

Higher foreign fund flows in the local equities market also boosted the local curency, the trader said.<\/p>\n

For the day, the unit opened better at 51.80 against its 52.00 start in the previous session.<\/p>\n

It was able to improve to 51.75 but was also pulled to 51.88, bringing the average to 51.82.<\/p>\n

Volume for the day reached USD516 million, down from USD656.3 million a day ago.<\/p>\n

The currency pair is seen to trade between 51.80 and 52.00 Tuesday.<\/p>\n

Also, the PSEi recovered and ended its three-day slump due to bargain hunting. It went up by 0.38 percent, or 32.42 points, to 8,499.98 points.<\/p>\n

The broader All Shares followed with a 0.06 percent, or 2.82 points, hike to 5,066.38\u00a0points.<\/p>\n

Most of the sectors also finished with gains, led by the Financials through a 1.59 percent increase.<\/p>\n

Industrial, Mining and Oil and Holding Firms also ended positively after these increased by 0.81 percent, 0.60 percent and 0.005 percent, respectively.<\/p>\n

On the other hand, Property fell by 0.83 percent and Services by 0.40 percent.<\/p>\n

Volume reached 4.81 billion shares amounting to PHP9.9 billion.<\/p>\n

Losers, however, continue to surpass gainers at 112 to 105 while 43 shares were unchanged.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014 \u00a0Risk-on sentiment returned to the Philippines\u2019 financial markets Monday and enabled both the peso and the Philippine Stock …<\/p>\n","protected":false},"author":33,"featured_media":128657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[5972,929,47368],"class_list":["post-154596","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-stock-markets","tag-peso","tag-psei","tag-us-treasury","mauthors-antara-via-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/154596","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=154596"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/154596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/128657"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=154596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=154596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=154596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}