Peso, stocks end week up as investor sentiment rises

THE peso and stock market ended the week on a positive note with sentiment said to have been boosted by rate cut prospects and optimism over third-quarter corporate earnings.The currency strengthened by 28.9 centavos to P57.511 while the benchmark Philippine Stock Exchange index added 15.40 points, or 0.21 percent, to close Friday at 7,415.73.The broader All Shares edged up by 5.28 points, or 0.13 percent, to 4,081.52.The peso opened at the day's high of P57.8:$1 and ranged as low as P57.48.

driven by the policy easing prospects of the Bangko Sentral ng Pilipinas and optimistic expectations of Q3 corporate results.'Trading, however, was said to be 'tepid' with net value turnover at P4.25 billion, lower than year-to-date average of P5.21 billion.'Foreigners were net buyers with net inflows amounting to P173.77 million,' Tantiangco added.Regina Capital Development Corp.

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