Peso edges higher, stock market flat | The Manila Times
The peso again edged higher on Wednesday while the stock market was basically flat, the latter result said to be due to investors choosing to take profits.
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The peso again edged higher on Wednesday while the stock market was basically flat, the latter result said to be due to investors choosing to take profits.
The currency strengthened by 2 centavos to P55.32 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) advanced by 24.58 points, or 0.39 percent, to 6,308.95.
THE peso and the stock market started a shortened trading week on a positive note ahead of today's release of November inflation data.
THE peso rebounded on Friday following the release of positive economic data, and the stock market also rose as investors hunted for bargains, analysts said.
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