{"id":97270,"date":"2017-04-06T23:10:02","date_gmt":"2017-04-07T03:10:02","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=97270"},"modified":"2017-04-06T23:10:02","modified_gmt":"2017-04-07T03:10:02","slug":"psei-ends-three-day-rally-but-php-remains-firm-amid-risk-off-sentiment","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/04\/06\/psei-ends-three-day-rally-but-php-remains-firm-amid-risk-off-sentiment\/","title":{"rendered":"PSEi ends three-day rally but PHP remains firm amid risk-off sentiment"},"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=\"Profit-taking reigned both in the Philippines\u2019 currency and equities markets on Thursday, resulting in little movement of the peso but a drop in the main stocks index. (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\">Profit-taking reigned both in the Philippines\u2019 currency and equities markets on Thursday, resulting in little movement of the peso but a drop in the main stocks index. (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\u2014Profit-taking reigned both in the Philippines\u2019 currency and equities markets on Thursday, resulting in little movement of the peso but a drop in the main stocks index.<\/p>\n<p>The peso finished the day at 50.17 from the previous day\u2019s 50.15, which a trader pointed to risk-off sentiment after minutes of the Federal Open Market Committee (FOMC) meeting last March 14-15 showed that US monetary officials were open to cutting the Federal Reserve\u2019s bond buying program.<\/p>\n<p>Also, the US government reported that jobs generation last March reached 263,000, higher than the 187,000 forecast but lower than the 298,000 last February.<\/p>\n<p>The trader explained that with the economic report pointing to a still positive trend, investors\u2019 hope for further hikes in the Fed rates was boosted.<\/p>\n<p>This made the peso open flat for the day at 50.18 and traded between 50.15 and 50.20.<\/p>\n<p>Average for the day stood at 50.17, almost unchanged from the previous session\u2019s 50.16.<\/p>\n<p>Volume of trade reached USD274.1 million, lower than the USD336 million a day ago.<\/p>\n<p>The currency pair is seen to trade between 50.10 and 50.30 Friday.<\/p>\n<p>The Philippine Stock Exchange index (PSEi) ended its three-day rally and finished Thursday at 7,565.32 points, down 0.25 percent, or 18.89 points.<\/p>\n<p>All Shares followed with a decline of 0.07 percent, or 2.96 points, to 4,508.81 points.<\/p>\n<p>Most of the sectors ended the day on the red, led by the Mining and Oil, which fell 1.68 percent.<\/p>\n<p>Property dropped 0.93 percent, Services, 0.72 percent; and Financials, 0.05 percent.<\/p>\n<p>On the other hand, Industrial rose 0.53 percent and Holding Firms by 0.01 percent.<\/p>\n<p>Volume for the day involved two billion shares amounting to Php 9.5 billion.<\/p>\n<p>Losers led gainers at 101 to 91 while 43 shares did not move.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Profit-taking reigned both in the Philippines\u2019 currency and equities markets on Thursday, resulting in little movement of the peso but &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":[929],"class_list":["post-97270","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-psei","mauthors-joann-santiago","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/97270","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=97270"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/97270\/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=97270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=97270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=97270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}