Peso gains but stock market slips

The currency strengthened by 7-and-a-half centavos to P58.58:$1, its strongest close in nearly a month, while the benchmark Philippine Stock Exchange index slipped by 8.68 points, or 0.13 percent, to 6,734.21.The broader All Shares, on the other hand, edged up 2.17 points, or 0.06 percent, to 3,791.77.The peso opened at P58.69:$1 and ranged from P58.57 to P58.705. Volume narrowed to P1.323 billion from P1.359 billion at the start of the week.Rizal Commercial Banking Corp.

''Investors also digested the Asean+3 Macroeconomic Research Office's downward revision of its Philippine economic growth forecast for 2024 from 6.1 percent to 5.8 percent,' he added.Net value turnover for the day was P5.38 billion, higher than the year-to-date average of P5.18 billion.'Foreigners were still net sellers with net outflows amounting to P389.94 million,' Tantiangco said.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Peso slightly higher; stock market gains on inflation newsTHE peso edged up on Tuesday and the stock market surged in the absence of an October inflation surprise.
Herkunft: TheManilaTimes - 🏆 2. / 92 Weiterlesen »

Peso hits over 2-year low; stock market extends rallyTHE peso hit an over two-year low on Wednesday, weakening by 10 centavos to end the day at P58.91 against the dollar.
Herkunft: TheManilaTimes - 🏆 2. / 92 Weiterlesen »

PH stocks, peso dip on weak GDP growthBoth the Philippine peso and local stocks plunged Thursday after the third-quarter gross domestic product (GDP) growth came in below market expectations.
Herkunft: MlaStandard - 🏆 20. / 55 Weiterlesen »