{"id":19418,"date":"2014-07-17T23:37:01","date_gmt":"2014-07-17T15:37:01","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=19418"},"modified":"2014-07-17T23:37:01","modified_gmt":"2014-07-17T15:37:01","slug":"peso-psei-up-on-profit-taking","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/07\/17\/peso-psei-up-on-profit-taking\/","title":{"rendered":"Peso, PSEi up on profit-taking"},"content":{"rendered":"

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MANILA — Profit-taking ruled both the currency and equities trading Thursday, a day after a trading suspension due to Typhoon “Glenda.”<\/span><\/p>\n

The peso gained P0.11 and finished the day at P43.50 from P43.61 Tuesday.<\/span><\/p>\n

“There was a general weakening of the dollar in the region. The P43.61 is a good level to take profit,” a trader told PNA in an interview.<\/span><\/p>\n

“There was also bargain hunting in the PSE and this benefited the peso,” the trader added.<\/span><\/p>\n

The peso started the day on a weaker note at P43.62.<\/span><\/p>\n

Its closing level is the local unit’s strongest trade for the day while weakest is P43.63.<\/span><\/p>\n

This brought the day’s average at P43.55, sideways from the P43.59 last Tuesday.<\/span><\/p>\n

Volume of trade reached US$ 595.4 million, lower than the US$ 846.3 million in the previous trading.<\/span><\/p>\n

The peso is expected to trade in a tight range until the end of the month when the Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) meets to decide on the central bank’s policy stance.<\/span><\/p>\n

For Friday, the peso is projected to trade between P43.40 and P43.60.<\/span><\/p>\n

Relatively, the local bourse ended Thursday with gains even after a trading suspension because of Typhoon “Glenda”.<\/span><\/p>\n

The Philippine Stock Exchange index (PSEi) went up by 0.49 percent or 33.32 to 6,867.36 points.<\/span><\/p>\n

All the other counters tracked the main index led by the mining and oil with 1.02 percent or 167.64 points to 16,655.10 points.<\/span><\/p>\n

Volume of trade is thin at 668.73 million amounting to P7.7 billion.<\/span><\/p>\n

Gainers led losers at 88 to 81 while 50 were unchanged.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — Profit-taking ruled both the currency and equities trading Thursday, a day after a trading suspension due to Typhoon …<\/p>\n","protected":false},"author":44,"featured_media":11887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[5972,6756],"class_list":["post-19418","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ph","tag-peso","tag-psei-up","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/19418","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=19418"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/19418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11887"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=19418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=19418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=19418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}