Philippine stocks rise; peso steady vs USD
Philippine stocks rose on Friday, with the PSEi climbing back above 7,100 points following a surprise cut in BSP key rates and positive vaccine news.
Mining and Oil led sector gains, followed by Holding Firms, Property, Financials, Industrial, and Services sectors.
The peso remained nearly unchanged against the US dollar at 48.23 from Thursday's close of 48.315.
On Wednesday, the PSEi had already risen to above 7,000 points due to sustained risk-on sentiments and positive vaccine developments.
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.
Topics in this story
Explore more stories about these topics