{"id":97466,"date":"2017-04-08T04:49:06","date_gmt":"2017-04-08T08:49:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=97466"},"modified":"2017-04-08T04:49:23","modified_gmt":"2017-04-08T08:49:23","slug":"php-psei-gain-on-greenback-selloff","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/04\/08\/php-psei-gain-on-greenback-selloff\/","title":{"rendered":"PHP, PSEi gain on greenback selloff"},"content":{"rendered":"
\"Both<\/a>
Both the Philippine peso and the equities market gained Friday following a selloff of the greenback after US President Donald Trump reportedly had ordered air strikes in response to the chemical weapons attack of Bashar Al-Asad-backed troops in Syria. (Photo: Cheng Ilagan\/Philippine Canadian Inquirer)<\/figcaption><\/figure>\n

MANILA\u2014Both the Philippine peso and the equities market gained Friday following a selloff of the greenback after US President Donald Trump reportedly had ordered air strikes in response to the chemical weapons attack of Bashar Al-Asad-backed troops in Syria<\/p>\n

The local currency finished the week at 50.08 from 50.17 Thursday, which a trader said was due to cautious stance of the market in line also with the release of US\u2019 non-farm payroll report later in the day.<\/p>\n

It opened the day little changed at 50.17 from 50.18 in the previous session.<\/p>\n

It traded between 50.22 and its closing level resulting in an average of 50.16 for the day, almost unchanged from the 50.17 Thursday.<\/p>\n

A total of USD504.5 million changed hands, nearly double the USD274.1 million a day ago.<\/p>\n

The currency pair is seen to trade between 50.10 and 50.50 next week.<\/p>\n

There were mix results in the local equities market but the Philippine Stock Exchange index (PSEi) recovered and ended the day at 7,583.75 points, up 18.43 points or 0.24 percent.<\/p>\n

All Shares followed with a 0.34 percent, or 15.35 points, increase to 4,524.16 points.<\/p>\n

Most of the sectors finished with increases, led by the Property, which ticked up 0.76 percent; followed by Mining and Oil, 0.74 percent; Holding Firms, 0.66 percent; and Services, 0.14 percent.<\/p>\n

On the other hand, both the Financials and the Industrial ended the day on the red with a decline of 0.26 percent and 0.22 percent, respectively.<\/p>\n

Trade reached 2.17 billion shares amounting to Php 9.74 billion.<\/p>\n

Gainers led losers at 93 to 80 while 63 shares were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014Both the Philippine peso and the equities market gained Friday following a selloff of the greenback after US President Donald …<\/p>\n","protected":false},"author":33,"featured_media":87851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[15398],"class_list":["post-97466","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-philippine-peso","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/97466","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=97466"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/97466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/87851"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=97466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=97466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=97466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}