{"id":154655,"date":"2018-02-27T23:13:03","date_gmt":"2018-02-28T04:13:03","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=154655"},"modified":"2018-02-27T23:13:03","modified_gmt":"2018-02-28T04:13:03","slug":"psei-up-for-2nd-day-tuesday-peso-weakens","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/02\/27\/psei-up-for-2nd-day-tuesday-peso-weakens\/","title":{"rendered":"PSEi up for 2nd day Tuesday; peso weakens"},"content":{"rendered":"<figure id=\"attachment_154657\" aria-describedby=\"caption-attachment-154657\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/graph-3078539_1280.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-154657\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/graph-3078539_1280.png\" alt=\"The Philippine Stock Exchange index (PSEi) rose for the second consecutive day Tuesday mirroring upbeat sentiment in Wall Street, but the peso weakened. (Photo Pixabay)\" width=\"1280\" height=\"853\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/graph-3078539_1280.png 1280w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/graph-3078539_1280-300x200.png 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/graph-3078539_1280-768x512.png 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/graph-3078539_1280-1024x682.png 1024w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption id=\"caption-attachment-154657\" class=\"wp-caption-text\">The Philippine Stock Exchange index (PSEi) rose for the second consecutive day Tuesday mirroring upbeat sentiment in Wall Street, but the peso weakened. (Photo Pixabay)<\/figcaption><\/figure>\n<p>MANILA \u2014 \u00a0The Philippine Stock Exchange index (PSEi) rose for the second consecutive day Tuesday mirroring upbeat sentiment in Wall Street, but the peso weakened.<\/p>\n<p>PSEi gained 1.09 percent, or 92.40 points, to 8,592.38 points, which a trader said was driven by comments by Fed Governor Randal Quarles, who noted the sustained improvement of the US economy, which in turn is a reason for a possible hike in Fed rates.<\/p>\n<p>With risk sentiment improving, most of the counters registered gains as shown by the 1.03 percent, or 52.35 points increase of the broader All Shares.<\/p>\n<p>Five of the six sectors ended the day better, led by the Industrial, which rose 1.66 percent, and followed by the Holding Firms, 1.28 percent; Financials, 1.14 percent; Services, 0.82 percent; and Property, 0.52 percent.<\/p>\n<p>Volume reached 3.55 billion shares amounting to PHP9.25 billion.<\/p>\n<p>Meanwhile, the peso shed 0.17 centavos and ended the day at 52.03 from Monday\u2019s 51.86 close.<\/p>\n<p>A trader attributed this to corporates\u2019 end-of-the-month dollar demand.<\/p>\n<p>Although the local equities market is mostly upbeat during the day there were some foreign investors who divested shares and this, the trader said, added pressure to the local currency.<\/p>\n<p>For the day, the peso opened at 51.95 from 51.80 a day.<\/p>\n<p>It traded between its opening level and 52.07, resulting in an average of 52.03.<\/p>\n<p>Volume for the day reached USD648.7 million, up from the previous day\u2019s USD516 million.<\/p>\n<p>The currency pair is seen to trade between 51.90 and 52.10 Wednesday.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2014 \u00a0The Philippine Stock Exchange index (PSEi) rose for the second consecutive day Tuesday mirroring upbeat sentiment in Wall &hellip;<\/p>\n","protected":false},"author":33,"featured_media":154657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[12556,14170],"class_list":["post-154655","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-stock-markets","tag-philippine-stock-exchange-index","tag-php","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/154655","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=154655"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/154655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/154657"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=154655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=154655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=154655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}