Stocks end higher; peso strengthens to P56.11

The benchmark Philippine Stock Exchange index added 5.99 points, or 0.09 percent, to 6,897.54.The equities market failed to retake the 6,900-point resistance level, which was breached last week, ending the current trading week down 64.42 points compared to last Thursday's close of 6,961.96. Friday last week was declared a nonworking holiday.The broader All Shares index rose 9.52 points, or 0.26 percent, to 3,742.81.

''Direction from abroad was muted, with US stocks closing mixed despite a sharp pullback late in the afternoon session, as traders await the Federal Reserve's favored PCE inflation gauge due Friday ahead of the long Labor Day weekend,' he added.Limlingan noted that US real GDP growth for the second quarter was revised up 0.2 percentage point to plus 3.

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Peso back at P56:$1; stock market also upTHE peso returned to the P56:$1 level on Tuesday and the stock market also rose amid improved sentiment ahead of Thursday's Bangko Sentral ng Pilipinas policy meeting.
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Profit-taking snaps market rally; peso firm at P56.50PROFIT-TAKING on Wednesday snapped the market's two-day rally on Wednesday as investors opted to remain liquid ahead of the long weekend, although the benchmark index managed to defend the 6,900 level at the close.
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PH stocks rise as peso climbs to 5-month high of 56.11 a dollarDefining the News
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