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 weakens, stock market up ahead of policy meetingTHE peso fell against the dollar to start the week, but the stock market snapped a four-day decline as investors awaited fresh economic data and the results of this Wednesday's Bangko Sentral ng Pilipinas (BSP) policy meeting.
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Peso weakens anew, stock market also drops as fears riseTHE peso continued to fall on Tuesday and the stock market retreated slightly from an over four-year high, with sentiment said to have weakened due to fears of a wider war in the Middle East and the reduced likelihood of another jumbo US Federal Reserve rate cut.
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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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Peso weakens further, pulls stock market downTHE peso and stock market continued to fall on Thursday ahead of the release of US inflation data that could provide cues about the likely outcome of next month's Federal Reserve policy meeting.
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Stock market surges but peso nears P57:$1THE peso opened the week on a down note, moving closer to the P57:$1 level as the dollar strengthened, while the stock market hit pre-pandemic highs amid hopes of more policy rate cuts.
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