{"id":189676,"date":"2018-11-14T23:50:19","date_gmt":"2018-11-15T04:50:19","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=189676"},"modified":"2018-11-14T23:50:19","modified_gmt":"2018-11-15T04:50:19","slug":"local-shares-recover-peso-stays-still","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/11\/14\/local-shares-recover-peso-stays-still\/","title":{"rendered":"Local shares recover, Peso stays still"},"content":{"rendered":"
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The recovery of the main gauge was mirrored by most counters such as the broader All Shares, which jumped by 0.74 percent, or 31.11 points, to 4,242.24 points. (Pixabay photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The Philippine Stock Exchange index (PSEi) on Wednesday ended its three-day slide, lifted by encouraging earnings in the local bourse, while the peso was almost unchanged against the greenback.<\/p>\n

PSEi gained 1.16 percent, or 79.25 points, to 6,923.08 points, which Bank of the Philippine Island (BPI), in its market report, traced to higher-than-expected corporate earnings for the third quarter of the year.<\/p>\n

The continued decline in global oil prices also boosted investors\u2019 risk-on sentiment in the local stock market, it said.<\/p>\n

The recovery of the main gauge was mirrored by most counters such as the broader All Shares, which jumped by 0.74 percent, or 31.11 points, to 4,242.24 points.<\/p>\n

Most of the sectors also finished the day\u2019s trade with gains, led by Financials at 1.60 percent.<\/p>\n

It was followed by Holding Firms, 1.46 percent; Industrial, 1.02 percent; Services, 0.37 percent; and Property, 0.34 percent.<\/p>\n

Only the Mining and Oil index ended on the red after it declined by 0.65 percent.<\/p>\n

Volume reached 1.03 billion stocks amounting to PHP7.05 billion.<\/p>\n

Advancers led decliners at 105 to 75 while 56 shares were unchanged.<\/p>\n

Relatively, the peso was little changed against the greenback after finishing the day at 53.09 from 53.1 Tuesday.<\/p>\n

BPI traced this improvement to a sustained drop in global oil prices, with crude prices now at USD55.69 per barrel, down 7 percent, the highest one-day decline in three years.<\/p>\n

\u201cOil prices collapsed further into bear territory after OPEC reduced its 2019 forecast for global oil demand amidst signs of slowing global economy,\u201d it said.<\/p>\n

The local unit opened the day\u2019s trade at 53.05, a big jump from the 53.28 in the previous session.<\/p>\n

It strengthened to as much as 52.97 but moved to 53.13, resulting in an average of 53.047.<\/p>\n

Volume reached USD731.5 million, lower than the USD738.7 million registered in yesterday’s session.<\/p>\n

The currency pair is seen to trade between 53.00 and 53.20 Thursday<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The Philippine Stock Exchange index (PSEi) on Wednesday ended its three-day slide, lifted by encouraging earnings in the local …<\/p>\n","protected":false},"author":33,"featured_media":178564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[],"class_list":["post-189676","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-stock-markets","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/189676","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=189676"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/189676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/178564"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=189676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=189676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=189676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}