News Formal

Peso gains but stock market slips

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 92%

Peso Notizia

Gains,But,Stock

THE peso continued to regain ground against the dollar on Tuesday even as bargain-hunting weighed on the stock market.

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.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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.
Fonte: TheManilaTimes - 🏆 2. / 92 Leggi di più »

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.
Fonte: TheManilaTimes - 🏆 2. / 92 Leggi di più »

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.
Fonte: MlaStandard - 🏆 20. / 55 Leggi di più »