The peso weakened by 15-and-a-half centavos to P57.62 against the dollar while the benchmark Philippine Stock Exchange index shed 9.51 points, or 0.14 percent, to end the day at 6,618.69.The broader All Shares index ended basically flat, dipping 0.01 percent, or 0.37 points, to 3,524.15.The peso opened at P57.53 against the greenback and ranged from P57.53 to P57.75. Volume reached P1.757 billion, lower than the P1.760 billion recorded in the previous session.
A slight upward correction by the dollar against major global currencies also weighed on the peso, he added.Regina Capital Development Corp. Managing Director Luis Limlingan, meanwhile, said 'last-minute selling pressure wiped out all intraday gains on the local bourse, with investors reacting to policy meeting.'Claire Alviar, research associate at Philstocks Financial Inc.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »