THE peso ended the first trading week of 2025 down against the dollar, but the stock market advanced with investors said to have welcomed the latest manufacturing data.The currency weakened by 29 centavos to P58.2:$1 while the Philippine Stock Exchange index added 53.42 points, or 0.82 percent, to close Friday at 6,603.81.The broader All Shares tracked the benchmark index with a 0.81-percent gain to 3,785.48.
The peso opened at the day's low of P58.05 and traded as high as P58.2. Volume rose to P1.377 billion from P1.195 billion.Rizal Commercial Banking Corp. chief economist Michael Ricafort said the decline was due to the dollar having gained against major global currencies and Bangko Sentral ng Pilipinas announcing wider current account deficit projections.Philstocks Financial Inc.
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