{"id":277302,"date":"2020-12-01T22:20:10","date_gmt":"2020-12-02T03:20:10","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=277302"},"modified":"2020-12-01T22:20:10","modified_gmt":"2020-12-02T03:20:10","slug":"stocks-hit-7000-level-peso-ends-flat-vs-dollar","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/12\/01\/stocks-hit-7000-level-peso-ends-flat-vs-dollar\/","title":{"rendered":"Stocks hit 7,000 level; peso ends flat vs. dollar"},"content":{"rendered":"
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The Philippine Stock Exchange index (PSEi) rose by 3.21 percent, or 218.10 points, to 7,009.56 points.
(Pixabay Photo)<\/figcaption><\/figure>\n
MANILA<\/strong>\u00a0\u2013 The local stock barometer ended the first trading day of the month higher after rising to the 7,000-level ahead of the holidays while the peso ended sideways against the US dollar.<\/div>\n
<\/div>\n
The Philippine Stock Exchange index (PSEi) rose by 3.21 percent, or 218.10 points, to 7,009.56 points.<\/div>\n
<\/div>\n
All Shares trailed with a jump of 2.42 percent, or 99.39 points, to 4,199.67 points.<\/div>\n
<\/div>\n
Most of the sectoral indexes also gained during the day, led by the Property counter with a 4.55-percent increase.<\/div>\n
<\/div>\n
Holding Firms index posted an uptick of 4 percent, Services inched up by 3.20 percent, Industrial by 1.96 percent, and Mining and Oil by 1.40 percent.<\/div>\n
<\/div>\n
Only the Financials ended the trade in the negative territory after it slipped by 0.78 percent.<\/div>\n
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Volume totaled to 4.04 billion shares amounting to PHP10.9 billion.<\/div>\n
<\/div>\n
Gainers led losers at 119 to 102, while 35 shares were unchanged.<\/div>\n
<\/div>\n
Along with the expectations for a Christmas rally, Luis Limlingan, Regina Capital Development Corporation head of sales, said the local bourse was also lifted by shares sale during the MSCI rebalancing last week.<\/div>\n
<\/div>\n
\u201cLikewise, US stock futures rose Monday night after the major averages notched sharp monthly gains for November,\u201d he said.<\/div>\n
<\/div>\n
Limlingan said prices of oil in the international market slipped due to \u201cuncertainty about OPEC+ would agree to extend its deep output cuts at talks this week.\u201d<\/div>\n
<\/div>\n
But he said Covid-19 vaccine hopes kept crude benchmarks on track to rise by more than +25 percent in November.<\/div>\n
<\/div>\n
\u201cGold dropped to a five-month low and was on track for its worst month in four years as optimism over a swift vaccine-fueled economic recovery dented allure for safe havens,\u201d he added.<\/div>\n
<\/div>\n
Meanwhile, the peso finished the day at 48.05 from 48.06 Friday last week.<\/div>\n
<\/div>\n
There was no trading on Monday in line with the national holiday on the commemoration of the birth anniversary of Andres Bonifacio, a hero.<\/div>\n
<\/div>\n
The peso opened the day\u2019s trade at 48.11 and traded between 48.16 and 48.045.<\/div>\n
<\/div>\n
Average level for the day stood at 48.11.<\/div>\n
<\/div>\n
Volume totaled to USD722.6 million, lower than the previous session\u2019s USD783.4 million.\u00a0<\/strong><\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 The local stock barometer ended the first trading day of the month higher after rising to the 7,000-level ahead …<\/p>\n","protected":false},"author":44,"featured_media":171699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[],"class_list":["post-277302","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\/277302","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=277302"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/277302\/revisions"}],"predecessor-version":[{"id":277304,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/277302\/revisions\/277304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/171699"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=277302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=277302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=277302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}