The currency strengthened by 16-and-a-half centavos to P57.7 against the dollar while the benchmark Philippine Stock Exchange index slipped by 19.31 points, or 0.26 percent, to 7,437.The broader All Shares, on the other hand, gained 11.11 points, or 0.27 percent, to 4,097.56.The peso opened at P57.9:$1 and ranged from P57.7 to P57.92. Volume reached P1.382 billion, lower than the previous day's P1.467 billion.Rizal Commercial Banking Corp.
''Spillovers from Wall Street's overnight decline also weighed on Wednesday's trading,' he added.Tantiangco said that trading was 'strong' with net value turnover at P6.76 billion, higher than the year-to-date average of P5.21 billion.'Foreigners were net buyers with net inflows amounting to P841.27 million,' he noted.Regina Capital Development Corp.
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Peso back at P57 vs dollar; stock market down 1.5%THE peso fell to the P57:$1 level on Wednesday, and the stock market also ended down in 7,400 territory, bucking gains elsewhere in the region.
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