{"id":209658,"date":"2019-04-12T22:24:52","date_gmt":"2019-04-13T02:24:52","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=209658"},"modified":"2025-01-13T07:44:32","modified_gmt":"2025-01-13T12:44:32","slug":"peso-ends-week-stronger-stocks-dip","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/04\/12\/peso-ends-week-stronger-stocks-dip\/","title":{"rendered":"Peso ends week stronger, stocks dip"},"content":{"rendered":"
\"\"<\/a>
The peso opened the day at 52.05 and traded between 52.09 and 51.765, resulting in an average of 51.<\/p>\n
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987. (Shutterstock Photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The peso ended the week on a strong note while local stocks tumbled, as investors turned cautious ahead of earnings season of the United States (US).<\/p>\n

The barometer Philippine Stock Exchange index (PSEi) declined Friday by 0.<\/p>\n

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94 percent, or 74.98 points, to 7,880.82.<\/p>\n

\u201cThe PSEi falling today is a clear sign of investors playing defensively and taking money off the table ahead of the first-quarter US corporate earnings season,\u201d AAA Equities president William Matthew Cabangon said.<\/p>\n

Cabangon noted these earnings from the major US corporations should be watched closely, as \u201cinvestors everywhere look for signs on whether the global economy is truly slowing down.\u201d<\/p>\n

He said these bellwether disclosures will be driving sentiment over the next few weeks.<\/p>\n

All sectors closed the day in the negative territory, led by mining and oil and services which declined by 1.92 percent and 1.20 percent, respectively.<\/p>\n

Volume reached 595.78 million shares amounting to PHP7.<\/p>\n

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03 billion.<\/p>\n

Decliners edged advancers at 121 to 71 shares, while 45 shares were unchanged.<\/p>\n

Meanwhile, the local currency ended the day at 51.765 against the US dollar from the previous day\u2019s 51.835.<\/p>\n

The peso opened the day at 52.05 and traded between 52.09 and 51.765, resulting in an average of 51.987.<\/p>\n

Total volume reached USD998.4 million from previous day’s USD690.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The peso ended the week on a strong note while local stocks tumbled, as investors turned cautious ahead of …<\/p>\n","protected":false},"author":44,"featured_media":11887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-209658","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/209658","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=209658"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/209658\/revisions"}],"predecessor-version":[{"id":283362,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/209658\/revisions\/283362"}],"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=209658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=209658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=209658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}