Luis Limilingan News Today

The currency weakened by 5 centavos to P56.815 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) shed 82.06 points, or 1.32 percent, to close at the days low of 6,126.34.

THE stock market fell to its lowest in nearly 11 months on Wednesday, with investors said to have taken profits ahead of the release of US inflation data.

THE peso edged higher, but the stock market was basically flat as investors took profits ahead of the release of fresh economic data.

The peso dipped against the dollar and the stock market marginally rose at the start of the trading week.

The currency strengthened by 16 centavos to P56.63 versus the dollar, while the benchmark Philippine Stock Exchange index (PSEi) recovered 39.87 points, or 0.64 percent, to 6,222.94.

The currency weakened by 14 centavos to P56.94:$1, while the benchmark Philippine Stock Exchange index (PSEi) added 16.69 points, or 0.27 percent, to end the day at 6,241.69.

HIGHER inflation weighed on both the peso and the stock market on Tuesday, with the latter only avoiding a decline, thanks to bargain hunting.

[P]please be advised that there is no trading in USD/PHP foreigner (sic) exchange markets on 01 September 2023, the Bankers Association said in a statement, in view of the announcement of the Bangko Sentral ng Pilipinas (BSP) related to PhilPass Plus operations and monetary operations systems of the BSP for the day.

THE peso fell against the dollar, but the stock market rebounded back to the 6,200 level as Philippine financial markets reopened on Tuesday following a holiday break.