Latest Breaking News On - Recovery the decline in prices of commodities world market boosts sentiments and results positive close both philippines 39 main equities index peso on friday july 8 - Page 1 : vimarsana.com
RECOVERY. The decline in the prices of commodities in the world market boosts sentiments and results in the positive close of both the Philippines' main equities index and the peso on Friday (July 8, 2022). Analysts said hints from the central bank of more aggressive rate hikes also contributed to positive sentiments during the day. (PNA file photo) MANILA - The Philippines' main stocks index recovered on Friday and the peso recovered to the 55-level against the US dollar partly on the decline of commodity prices in the international market. The Philippine Stock Exchange index (PSEi) reversed its path and rose by 0.15 percent, or 9.50 points, to 6,361.82 points. All Shares followed with a jump of 0.16 percent, or 5.37 points, to 3,410.76 points. Most of the sectoral indices also gained during the day namely Industrial, 1.07 percent; Financials, 1.01 percent; Mining and Oil, 0.98 percent; and Services, 0.41 percent. On the other hand, Property fell by 0.89 percent and Holding Fi