Peso back at P57 vs dollar; stock market down 1.5%

The currency weakened by 11 and a half centavos to P57.02 against the dollar while the benchmark Philippine Stock Exchange index shed 112.73 points, or 1.50 percent, to 7,424.52.The broader All Shares dropped 44.05 points, or 1.08 percent, to 4,033.36.The peso was an outlier in the region, where most emerging Asian currencies registered minor gains against a broadly muted dollar.

research manager Japhet Tantiangco said that trading was tepid with net value turnover at P5.09 billion, below the year-to-date average of P5.22 billion'Foreigners were net sellers, breaking the market's 27-day net foreign buying streak,' he added. 'Net foreign outflows for the day amounted to P402.75 million.'Regina Capital Development Corp.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market surges but peso nears P57:$1THE peso opened the week on a down note, moving closer to the P57:$1 level as the dollar strengthened, while the stock market hit pre-pandemic highs amid hopes of more policy rate cuts.
La source: TheManilaTimes - 🏆 2. / 92 Lire la suite »

Stock market nears 7,200 level; peso at 55.6 a dollarDefining the News
La source: MlaStandard - 🏆 20. / 55 Lire la suite »

Peso weakens anew, stock market also drops as fears riseTHE peso continued to fall on Tuesday and the stock market retreated slightly from an over four-year high, with sentiment said to have weakened due to fears of a wider war in the Middle East and the reduced likelihood of another jumbo US Federal Reserve rate cut.
La source: TheManilaTimes - 🏆 2. / 92 Lire la suite »