{"id":89917,"date":"2017-02-16T22:09:36","date_gmt":"2017-02-17T03:09:36","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=89917"},"modified":"2017-02-16T22:09:36","modified_gmt":"2017-02-17T03:09:36","slug":"psei-recovers-peso-sideways-amid-rising-us-treasury-yields","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/02\/16\/psei-recovers-peso-sideways-amid-rising-us-treasury-yields\/","title":{"rendered":"PSEi recovers, peso sideways amid rising US Treasury yields"},"content":{"rendered":"<p><figure id=\"attachment_86485\" aria-describedby=\"caption-attachment-86485\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-86485\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg\" alt=\"Investors continue to offload their holdings of Philippines stocks as US Treasury yields continue to climb but the local bourse\u2019s main index recovered after a two-day slide and the peso remain resilient.  (Photo by Katrina.Tuliao (https:\/\/www.tradergroup.org) [CC BY 2.0)\" width=\"640\" height=\"480\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-86485\" class=\"wp-caption-text\">Investors continue to offload their holdings of Philippines stocks as US Treasury yields continue to climb but the local bourse\u2019s main index recovered after a two-day slide and the peso remain resilient. (Photo by <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File%3APhilippine-stock-market-board.jpg\">Katrina.Tuliao (https:\/\/www.tradergroup.org) [CC BY 2.0<\/a>)<\/figcaption><\/figure>MANILA\u2014Investors continue to offload their holdings of Philippines stocks as US Treasury yields continue to climb but the local bourse\u2019s main index recovered after a two-day slide and the peso remain resilient.<\/p>\n<p>The Philippine Stock Exchange index (PSEi) gained 1.52 percent, or 108.95 points, to 7,283.25 points, which was attributed to bargain hunting.<\/p>\n<p>A trader said some investors were still offloading their shares but this was countered by positive earnings among listed firms and the bargain hunters.<\/p>\n<p>All Shares went up 1.05 percent, which the trader said was a sign of the healthy sentiment in the local equities market.<\/p>\n<p>Financials led rises with a 1.68 percent jump followed by Holding Firms, 1.59 percent; Services, 1.53 percent; Property, 1.12 percent; Mining and Oil, 0.86 percent; and Industrial, 0.53 percent.<\/p>\n<p>Trade volume reached 1.29 billion shares amounting to Php 7.6 billion.<\/p>\n<p>Advancers led decliners at 113 to 75 while 48 shares were unchanged.<\/p>\n<p>The peso finished the trade at 49.97 from 49.92 a day ago.<\/p>\n<p>A trader said this close was in line with counterparts in the region as the US dollar rallied because of rise in US Treasury yields.<\/p>\n<p>Corporate demand for the greenback also helped lift the dollar, the trader said.<\/p>\n<p>The local currency opened better at 49.89 from the previous session\u2019s 49.94.<\/p>\n<p>It traded between 49.88 and 49.98 bringing the day\u2019s average to 49.92.<\/p>\n<p>Volume of trade reached USD376.5 million, higher than the USD319.5 million Wednesday.<\/p>\n<p>The peso is seen to trade between 49.70 and 49.90 to a dollar Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Investors continue to offload their holdings of Philippines stocks as US Treasury yields continue to climb but the local bourse\u2019s &hellip;<\/p>\n","protected":false},"author":33,"featured_media":86485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[12556],"class_list":["post-89917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-philippine-stock-exchange-index","mauthors-joann-santiago","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/89917","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=89917"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/89917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/86485"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=89917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=89917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=89917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}