{"id":99992,"date":"2017-04-26T22:55:52","date_gmt":"2017-04-27T02:55:52","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=99992"},"modified":"2017-04-26T22:55:52","modified_gmt":"2017-04-27T02:55:52","slug":"psei-rises-anew-as-php-stays-firm-amid-us-strength","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/04\/26\/psei-rises-anew-as-php-stays-firm-amid-us-strength\/","title":{"rendered":"PSEi rises anew as PHP stays firm amid US strength"},"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=\"Philippines\u2019 equities market rose for the fifth consecutive day Wednesday amid profit-taking while the peso remained strong on back of some risk-off sentiment ahead of the announcement of the Trump administration\u2019s tax reform package. (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\">Philippines\u2019 equities market rose for the fifth consecutive day Wednesday amid profit-taking while the peso remained strong on back of some risk-off sentiment ahead of the announcement of the Trump administration\u2019s tax reform package. (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\u2014Philippines\u2019 equities market rose for the fifth consecutive day Wednesday amid profit-taking while the peso remained strong on back of some risk-off sentiment ahead of the announcement of the Trump administration\u2019s tax reform package.<\/p>\n<p>The Philippine Stock Exchange index (PSEi) rose 0.34 percent, or 25.99 points, to 7,726.45 percent, a level last seen in the last quarter of 2016.<\/p>\n<p>A trader said positive earnings report of listed companies buoyed the main stocks index despite the pull of profit-takers.<\/p>\n<p>All Shares tracked the main index with an increase of 0.35 percent, or 15.92 points, to 4,612.80 points.<\/p>\n<p>Most of the sectoral indices posted expansion, spearheaded by the Services with a 1.44 percent increase.<\/p>\n<p>It was followed by the Mining and Oil, 0.36 percent; Holding Firms, 0.29 percent; Property, 0.14 percent; and Industrial, 0.03 percent.<\/p>\n<p>Only the Financials index finished the day on the red with a 0.02 percent decline.<\/p>\n<p>Volume for the day totaled to 1.73 billion shares amounting to Php 6.5 billion.<\/p>\n<p>Gainers led losers at 98 to 81 while 55 shares were unchanged.<\/p>\n<p>The local currency finished the day at 49.72 from 49.64 Tuesday.<\/p>\n<p>Another trader explained that the peso remained strong amid the dollar regaining strength in the morning session on news about Trump\u2019s soon-to-be unveiled tax program.<\/p>\n<p>The unit opened the day at 49.65, weaker than the 49.55 a day ago.<\/p>\n<p>Its opening level was the peso\u2019s strongest for the day after it dipped to 49.78 mid-trade, which resulted to an average of 49.70 for the day.<\/p>\n<p>Volume of trade reached USD 436.5 million, higher than the USD 339.4 million a day ago.<\/p>\n<p>The currency pair is seen to trade between 49.60 and 49.80 Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Philippines\u2019 equities market rose for the fifth consecutive day Wednesday amid profit-taking while the peso remained strong on back of &hellip;<\/p>\n","protected":false},"author":33,"featured_media":86485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[12556],"class_list":["post-99992","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-stock-markets","tag-philippine-stock-exchange-index","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/99992","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=99992"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/99992\/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=99992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=99992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=99992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}