Peso on sideways, PSEi improves on Tuesday

Peso on sideways, PSEi improves on Tuesday

MANILA, Dec. 27 (PNA) — The Philippine peso has ended on sideways while the Philippine Stock Exchange Index (PSEi) has finished in the green on Tuesday’s trading.

Peso slightly slipped by Php0.04 to Php49.81 to a dollar from Php49.77 on Dec. 23’s trading.

The local currency opened the day stronger at Php49.80 to a dollar.

It traded between Php49.78 and Php49.84, bringing the average level for the day at Php49.81.

Volume of trade reached US$ 209.5 million at the start of the week’s trading.

On the other hand, the local bourse improved by 1.44 percent or 94.53 points with the index ending at 6,658.2 points.

All shares likewise increased by 1.20 percent or 48.10 points to 4,070.60 points.

All sectors improved on Tuesday except for Mining and Oil which went down by 0.86 percent or 102.99 points to 11,820.32 points.

This day’s gains were led by Industrial which went up by 2.29 percent to 10,494.17 points; Holding Firms, up by 1.70 percent to 6,788.17 points; Property, up by 1.42 percent to 2,968.10 points; Financials, up by 0.49 points to 1,634.46 points; and Services, up by 0.11 percent to 1,260.48 points.

Total value of trade reached PHP3.28 billion on Tuesday.

Advancers outpaced decliners at 90 to 78 while 57 closed unchanged. (PNA)

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