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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peso again near P56:$1; stock market reboundsTHE peso fell on Thursday but avoided a return to the P56:$1 level while the stock market posted a strong rebound back to 7,400 territory.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

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.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

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.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

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.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

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.
Source: TheManilaTimes - 🏆 2. / 92 Read more »