Philippine News Agency
Stocks rise; peso nearly unchanged vs. USD
The Philippine Stock Exchange index (PSEi) climbed back to the 7,000-level on Friday, boosted by a surprise 25 basis point cut in the Bangko Sentral ng Pilipinas' (BSP) key rates.
The main stocks gauge rose by 2.46 percent, or 172.17 points, to close at 7,169.79 points.
All sectoral counters also finished the trade with gains, led by Mining and Oil, which jumped by 2.88 percent.
Investors bought up shares partly due to hopes that Washington lawmakers could still pass a coronavirus aid relief package.
The Philippine peso ended the week sideways to the US dollar, closing at 48.23 from the previous day's 48.315.
Trading volume reached PHP10.94 billion, with 159 issues advancing against 66 decliners.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The peso closed at 48.145 against the US dollar on Tuesday, marking one of its strongest levels in over four years, driven by positive vaccine developments and a weaker US dollar.
Read more →
The Philippine Stock Exchange index (PSEi) declined by 1.05%, closing at 6,927.75 points on Thursday, influenced by the US Thanksgiving holiday.
Read more →
The Philippine Stock Exchange index (PSEi) surged by 2.46% to close at 7,169.79 on Friday, driven by a surprise interest rate cut from the Bangko Sentral ng Pilipinas (BSP).
+1
Read more →
The Philippine peso strengthened against the US dollar, closing at P48.23, marking a fresh four-year high.
Read more →
The Philippine Stock Exchange index (PSEi) experienced a decline of 0.77% on Friday, closing at 6,969.88 points, influenced by escalating COVID-19 concerns and the destructive impact of Typhoon Ulysses.
Read more →