{"id":84669,"date":"2017-01-11T06:04:45","date_gmt":"2017-01-11T11:04:45","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=84669"},"modified":"2017-01-11T06:04:45","modified_gmt":"2017-01-11T11:04:45","slug":"php-psei-retreat-ahead-of-trump-presscon","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/01\/11\/php-psei-retreat-ahead-of-trump-presscon\/","title":{"rendered":"PHP, PSEi retreat ahead of Trump presscon"},"content":{"rendered":"
\"PHP,<\/a>
PHP, PSEi retreat ahead of Trump presscon (Photo: Donald Trump\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u2014Profit-taking reigned in the currency and equities markets Wednesday, reversing the gains of both the peso and the Philippine Stock Exchange index (PSEi).<\/p>\n

The local unit finished the day at 49.62 from 49.50 Tuesday, which a trader attributed to investors\u2019 wait-and- see stance ahead of the press conference of US President-elect Donald Trump.<\/p>\n

The trader said investors took advantage of the recent peso surge and book profit.<\/p>\n

Concerns on what the US president-elect would discuss in his press conference made the markets jittery but the peso opened little changed against the dollar at 49.55 from 49.58 in the previous session.<\/p>\n

It strengthened to as much as 49.52 but also weakened to 49.63 making the day\u2019s average stayed at 49.56.<\/p>\n

Volume of trade totaled to USD529.9 million, lower than the previous session\u2019s USD669.5 million.<\/p>\n

The currency pair was forecast to trade between 49.50 and 49.70 Thursday.<\/p>\n

The same trend was seen on the Philippine Stock Exchange index (PSEi), which fell 0.58 percent, or 42.52 points, to 7,321.<\/p>\n

This was its first slide since the start of 2017.<\/p>\n

All Shares slipped by 0.20 percent, or 8.86 percent, to 4,408.27 points.<\/p>\n

Most of the sectors ended the day on the red, led by the Holding Firms, which declined 0.79 percent followed by Services, 0.67 percent; Property, 0.42 percent; and Financials, 0.28 percent.<\/p>\n

On the other hand, Industrial rose 0.36 percent and Mining and Oil, 0.25 percent.<\/p>\n

Volume of trade involved 1.74 billion shares amounting to Php 7.15 billion.<\/p>\n

Decliners led losers at 99 to 88 while 52 stocks remained unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014Profit-taking reigned in the currency and equities markets Wednesday, reversing the gains of both the peso and the Philippine Stock …<\/p>\n","protected":false},"author":33,"featured_media":81151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[9869,12556],"class_list":["post-84669","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-stock-markets","tag-donald-trump","tag-philippine-stock-exchange-index","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/84669","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\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=84669"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/84669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/81151"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=84669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=84669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=84669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}