The currency weakened by 29 centavos to P57.88 against the greenback while the benchmark Philippine Stock Exchange index added just 6.53 points, or 0.09 percent, to end the day at 7,413.16.The broader All Shares was also marginally higher, up 5.21 points or 0.13 percent, to 4,085.50.The peso opened at the day's low P57.69:$1 and hit a high of P57.92. Volume reached P1.302 billion, slightly lower than the P1.339 billion in the previous session.Rizal Commercial Banking Corp.
research manager Japhet Tantiangco, meanwhile, said 'Tuesday's gains are seen to be reflective of investors' expectations of good Q3 corporate results and continuous monetary policy easing by the BSP .''The gains were tempered however by the rise of US Treasury yields and the weakening of the local currency,' he added.Tantiangco noted that net value turnover stood at P5.24 billion, slightly higher than the year-to-date average of P5.20 billion.