{"id":193749,"date":"2018-12-12T23:31:13","date_gmt":"2018-12-13T04:31:13","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=193749"},"modified":"2018-12-12T23:31:13","modified_gmt":"2018-12-13T04:31:13","slug":"recovery-in-local-markets-sustained","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/12\/12\/recovery-in-local-markets-sustained\/","title":{"rendered":"Recovery in local markets sustained"},"content":{"rendered":"
\"\"<\/a>
The currency pair is seen to trade between 52.50 and 52.70 Thursday. (File Photo by Allan Ajifo,CC BY 2.0)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The slight easing of global trade tensions following reports that China will reduce tariffs on US-made cars, allowed the Philippine peso to regain its footing against the greenback while the main equities gauge also advanced for the second consecutive day.<\/p>\n

The local unit ended Wednesday at 52.715 from 52.77 a day ago, which a trader said was due China’s modest effort to appease the US by cutting tariffs on automotive imports.<\/p>\n

Its positive close manifested early on after it started the day at 52.69 from 52.83 in the previous session.<\/p>\n

It further strengthened to 52.635 but also touched 52.73, bringing the day\u2019s average to 52.665.<\/p>\n

Volume reached USD765.15 million, lower than USD906.85 million a day ago.<\/p>\n

The currency pair is seen to trade between 52.50 and 52.70 Thursday.<\/p>\n

Also, the Philippine Stock Exchange index (PSEi) finished the day\u2019s trade at 7,488.24 points, up by 0.50 percent or 37.16 points.<\/p>\n

The broader All Shares also went up and increased by 0.35 percent, or 15.82 points, to 4,494.55 points.<\/p>\n

It was a balance among the sectors with half finishing up during the day namely the Holding Firms, 1.78 percent; Mining and Oil, 0.51 percent; and Industrial, 0.13 percent.<\/p>\n

On the other hand, Financials, Services, and Property ended on the red after giving up 0.57 percent, 0.26 percent; and 0.14 percent, respectively.<\/p>\n

Volume reached 990.03 million shares amounting to PHP11.9 billion.<\/p>\n

Gainers led losers at 98 to 85 while 44 shares were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The slight easing of global trade tensions following reports that China will reduce tariffs on US-made cars, allowed the …<\/p>\n","protected":false},"author":44,"featured_media":85358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[],"class_list":["post-193749","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\/193749","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=193749"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/193749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/85358"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=193749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=193749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=193749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}