Stocks rise, peso strengthens on Fed rate hike
MANILA - Risk-on sentiments buoyed the local stock barometer on Thursday and this benefited the local currency. The Philippine Stock Exchange index (PSEi) rose by 1.37 percent, or 96 points, to 7,122.45 points. All Shares gained 1.25 percent, or 46.28 points, to 3,759.96 points. Most of the sectoral indices tracked the main index namely Financials, 3.39 percent; Services, 1.90 percent; Property, 1.31 percent; Holding Firms, 0.64 percent; and Industrial, 0.52 percent. Only the Mining and Oil index finished in the negative territory after it fell by 1.30 percent. Volume reached 1.43 billion shar...
Source: philippinetimes.com