{"id":194892,"date":"2018-12-22T06:08:13","date_gmt":"2018-12-22T11:08:13","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=194892"},"modified":"2018-12-22T06:08:13","modified_gmt":"2018-12-22T11:08:13","slug":"peso-ends-strong-psei-down-at-trading-weeks-end","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/12\/22\/peso-ends-strong-psei-down-at-trading-weeks-end\/","title":{"rendered":"Peso ends strong, PSEi down at trading week’s end"},"content":{"rendered":"
\"\"<\/a>
The peso gained 0.24 centavos, boosting the local currency to 52.86 to a dollar from 53.1. (Photo: qvist \/ ShutterStock)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The Philippine peso strengthened against the greenback on Friday while the local stock market closed in the red due to heavy sell-off before the holidays.<\/p>\n

The peso gained 0.24 centavos, boosting the local currency to 52.86 to a dollar from 53.1.<\/p>\n

It opened the day at the same level on Thursday at 53.15.<\/p>\n

The currency pair traded between 52.86 and 53.22 bringing the average level for the day at 53.06.<\/p>\n

Before the long holiday period, the volume of trade increased to USD726.55 million Friday from the previous day\u2019s USD685.92 million.<\/p>\n

While the peso ended strong, the local shares closed in red territories.<\/p>\n

The Philippine Stock Exchange index (PSEi) dropped by 83.7 points or 1.11 percent to 7,479.91 points.<\/p>\n

All shares likewise shed by 42.55 points or 0.94 percent to 4,501.58 points.<\/p>\n

\u201cWith the US experiencing a massive sell-off in December and analysts pointing to a recession that could occur, Philippine shares were sold heavily right before the long holiday period. All three US stock indexes registered 52-week closing lows,\u201d said Regina Capital Managing Director Luis Limlingan.<\/p>\n

All counters were down on Friday, with biggest drop registered in mining and oil ending at 7,943.55 points, losing by 116.67 points or 1.45 percent.<\/p>\n

This is followed by property, which went down to 3,620.82 points; holding firms to 7,368.92 points; industrial to 11,010.54 points; financials to 1,756.28 points; and services to 1,450.55 points.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The Philippine peso strengthened against the greenback on Friday while the local stock market closed in the red due …<\/p>\n","protected":false},"author":44,"featured_media":183198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-194892","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/194892","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=194892"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/194892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/183198"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=194892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=194892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=194892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}