{"id":186138,"date":"2018-10-20T06:01:25","date_gmt":"2018-10-20T10:01:25","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=186138"},"modified":"2018-10-20T06:01:25","modified_gmt":"2018-10-20T10:01:25","slug":"local-markets-end-week-gains-amid-mix-turn-asia","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/10\/20\/local-markets-end-week-gains-amid-mix-turn-asia\/","title":{"rendered":"Local markets end week with gains amid mix out-turn in Asia"},"content":{"rendered":"
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The Peso is also posting corrections after depreciating in the past weeks given the impact of developments overseas, the trader said. (Pixabay photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Both the Philippine Peso and the main equities gauge ended the week higher even while its regional counterparts went in different directions.<\/p>\n

The local currency ended Friday\u2019s session at 53.7 from the previous session\u2019s 53.965 close, which a trader attributed to the drop in global oil prices in recent days.<\/p>\n

The Peso is also posting corrections after depreciating in the past weeks given the impact of developments overseas, the trader said.<\/p>\n

For the day, the local unit opened at 54.02, little changed from the 53.98 a day ago. It strengthened to its closing level but also moved to 54.04, resulting in an average of 53.878.<\/p>\n

Volume rose to USD905.02 million from the previous session\u2019s USD729.25 million.<\/p>\n

The currency pair is seen to trade between 53.70 and 54.10 next week.<\/p>\n

Also, the Philippine Stock Exchange index (PSEi) gained 0.14 percent, or 10.27 points, to 7,151.52 points.<\/p>\n

Another trader said the Philippine Stock Exchange index (PSEi) managed to post gains on the back of a mixed close in Asia during the day.<\/p>\n

Also, Landbank market economist Guian Dumalagan said the main gauge managed to finish with gains amid rising geo-political tensions and concerns on the path of Brexit negotiations. \u201cIn addition, the EU issued a warning regarding Italy\u2019s budget no-deal scenario,\u201d he said.<\/p>\n

With these factors, the local bourse registered mixed results but most counters trailed the main gauge.<\/p>\n

All Shares ended the week flat with a decline of 0.06 percent, or 2.75 points, to 4,359.65 points.<\/p>\n

Half of the sectoral indices ended with gains — Mining and Oil, 2.21 percent; Property, 0.60 percent; and Financials, 0.42 percent.<\/p>\n

On the other hand, Industrial dipped by 0.28 percent and was followed by Holding Firms, 0.24 percent; and Services, 0.10 percent.<\/p>\n

Volume reached 2.17 billion shares amounting to PHP4.94 billion.<\/p>\n

Advancers led gainers at 92 to 88 while 48 shares were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Both the Philippine Peso and the main equities gauge ended the week higher even while its regional counterparts went …<\/p>\n","protected":false},"author":44,"featured_media":154670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-186138","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/186138","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=186138"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/186138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/154670"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=186138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=186138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=186138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}